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2108 Lexington Ave

15 Unit Apartment Building $1,850,000 ($123,333/Unit) 5.04% Cap Rate Kansas City, MO 64124

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Investment Highlights

Fully renovated units with new roof, in-unit laundry, HVAC, water heaters & stainless steal appliances
Nearby downtown KC, Historic City Market, New Current Stadium, Kessler Park & Berkley Riverfront Park

Off street parking for ~24 vehicles

Executive Summary

Lexington Crossing Apartments are located in Pendleton Heights - a walkable historical urban neighborhood nestled nearby the heart of downtown Kansas City. Lexington Crossing is under 2 miles from the Historic City Market, new KC Current Soccer Stadium, Bally’s Casino and Berkley Riverfront Park. Residents enjoy a fully renovated apartment unit with off-street parking, Google Fiber, private balconies, all new appliances (kitchen & laundry) and being nearby PH Coffee.

SALE - Lexington Crossing Brochure

Property Facts

Price	$1,850,000	Building Class	C
Price Per Unit	$123,333	Lot Size	0.55 AC
Sale Type	Investment	Building Size	14,682 SF
Cap Rate	5.04%	Average Occupancy	100%
No. Units	15	No. Stories	3
Property Type	Multifamily	Year Built	1971
Property Subtype	Apartment	Parking Ratio	1.36/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,850,000
Price Per Unit	$123,333
Sale Type	Investment
Cap Rate	5.04%
No. Units	15
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.55 AC
Building Size	14,682 SF
Average Occupancy	100%
No. Stories	3
Year Built	1971
Parking Ratio	1.36/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.