Saint Joseph, MO
Zeal Property Advisors, LLC is pleased to present the exclusive offering of City View Lofts (“The Property”), a 60-unit apartment community located in Saint Joseph, Missouri. The Property is situated within walking distance from downtown Saint Joseph. City View Lofts was built in 1915 and underwent significant renovations in 2010 by the current ownership. The Property is listed on the national register of historic buildings and is eligible for Historic Tax Credits.
City View Lofts is offered as a fee simple sale and offers prospective investors the opportunity to acquire a stabilized asset with value-add components such as adding washer/dryers to units. Significant rental increases have also been identified through the renovation of the existing units. Included in the sale is a separately parceled private parking lot that can be gated for exclusivity. City View Lofts is offered free and clear and is immediately eligible for
Freddie Mac’s Small Balance Loan program.