Zeal Property Advisors, LLC is pleased to present the exclusive offering of Crescent Heights Apartments (“The Property”), a 44-unit apartment community located just off Iowa and 25th Street in Lawrence, Kansas. The Property boasts desirable characteristics such as individual utilities (including water), washer + dryer hookups in unit, large floorplans and 100% two-bedroom unit mix. The Property offers prospective investors management upside through the growth of rents where a $200 rent premium has been identified through market rent comp analysis.
The Property is offered as a fee simple sale and offers prospective investors the opportunity to acquire an asset with value-add components and the ability to assume the current low interest rate non-recourse loan. Offers free and clear of existing debt will be considered as well. Please reach out to the advisor team to discuss offering procedures or to schedule a tour.