Zeal Property Advisors, LLC is pleased to announce the exclusive offering of Sunrise Terrace Apartments (“The Property”), a 47-unit apartment community located in Lawrence, Kansas. The Property is within walking distance to the University of Kansas and consists primarily of students. Sunrise Terrace offers an attractive unit mix including washer/dryer hook ups and large two-bedroom and three-bedroom apartments with patio/balcony options.
The Property is offered as a fee simple sale and offers prospective investors the opportunity to acquire a well-located asset with the ability to enhance rents through unit renovations. Sunrise Terrace Apartments is offered free and clear of existing debt with attractive bank debt options inclusive of 80% LTV and ability to finance renovations.