48-Unit Value-Add Multifamily Investment | 7.25% Proforma Cap Rate (Y2)

LocationCrossroads Real Estate Group has been exclusively retained to offer Lakeview II Apartments, a 48-unit, three-story multifamily community in the heart of Kansas City, Missouri. The property features updated one-bedroom, one-bathroom units that compete well within the market and is offered at $75,000 per unit, or $115.38 per square foot -well below replacement cost. Lakeview II offers a value-add opportunity supported by its lakeside setting and potential for operational improvement through focused leasing and management. The property presents an opportunity for a new owner to evaluate targeted capital improvements and operational initiatives over time. Management has accelerated leasing by developing relationships with housing-focused nonprofit organizations that lease units directly and refer qualified residents. This differentiated demand channel can help support occupancy through market cycles, while the recent increase in self-pay residents further demonstrates the property’s appeal and value. Current occupancy reflects the benefits of the renovated units, efficient layouts, and elevator access. In-place rents are supported by comparable properties, creating an opportunity to build additional market share.