Campus View | 2350 Ridge Ct
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Campus View 2350 Ridge Ct 102 Unit Apartment Building For Sale Lawrence, KS 66046
EXECUTIVE SUMMARY
Northmarq is pleased to present the opportunity to acquire Campus View Apartments, comprising of 102 units in one of the nation's most quintessential college towns. Lawrence is home to the University of Kansas (enrollment of 30,000 students). Constructed in 1960, Campus View consists of one- and two-bedroom apartment homes averaging 719 square feet. The majority of units were renovated in 2023. Property amenities include fully-equipped kitchens, a newly remodeled on-site laundry room, and high-speed wireless Internet. Other amenities include controlled access upon entry, hardwood floors and a private patio or balcony. Campus View Apartments offers investors a stabilized asset in a highly visible and easily accessible location within a very well insulated market. Licensee has an ownership interest.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.58 AC |
| No. Units | 102 | Building Size | 86,762 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1960/2023 |
| Building Class | C | Parking Ratio | 1.31/1,000 SF |
| Sale Type | Investment |
| No. Units | 102 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.58 AC |
| Building Size | 86,762 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 1.31/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Storage Space
- Tile Floors
- Carpet
- Wi-Fi
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Planned Social Activities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 67 | $801.00 | 663 |
| 2+1 | 35 | $895.00 | 823 |
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Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 023-111-12-0-20-02-002.00-0 | Improvements Assessment | $484,968 |
| Land Assessment | $40,766 | Total Assessment | $525,734 |
PROPERTY TAXES
Parcel Number
023-111-12-0-20-02-002.00-0
Land Assessment
$40,766
Improvements Assessment
$484,968
Total Assessment
$525,734
ZONING
| Zoning Code | RM-32 |
| RM-32 |
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Campus View | 2350 Ridge Ct
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