AREA’s multi-family team recently sold three properties just outside the KC Metro area. These investments all closed this summer.
Broadway @ 1902: Broadway @ 1902, a 165-unit apartment community in Pittsburg, KS closed in May. The 8-building community, located at 1902 S Broadway Street, was built in 1960, in the heart of Pittsburg. Steps from Pittsburg State University Campus, the multi-family investment sold for $4,612,500.
Meadowbrook Estates: Meadowbrook Estates, a 71-unit community in Warrensburg, MO also closed in May. The 5-building complex, located at 801 Meadowbrook, was built in 1974. Warrensburg, MO is home to University of Central Missouri along with the nearby Whiteman Airforce Base. The multi-family investment sold for $3,500,000.
Stoneleigh Court: Stoneleigh Court, a 156-unit apartment complex in Leavenworth, KS closed this July. Stoneleigh was built in 1962 and sits near Fort Leavenworth Army Base. This multi-family investment sold for $11,450,000.