Zeal Property Advisors, LLC is pleased to present the exclusive offering of California Apartments (“The Property”), a 45-unit apartment community built in 1995. The Property is situated just off highway 59 in northern Lawrence, Kansas. California Apartments offers an attractive unit mix including townhome units with full size garages in addition to nearly all of the units having washer/dryer hook ups.
The Property is offered as a fee simple sale and offers prospective investors the opportunity to acquire a well occupied asset with the ability to add value through increased operational efficiency in the first year of ownership. Prospective investors have the opportunity to enhance value further through the light renovation of units where $100+ rent premiums have been identified. California Apartments is offered free and clear of existing debt.