1610 Archer St - Multi-Family FOR SALE


Concordia, KS 66901
$1,550,000 USD
773-251-7342
1610 Archer St, Concordia, KS for Sale
$1,550,000 USD
Multi-Family - FOR SALE
1/9
null | Request Cap Rate

1610 Archer St
Concordia, KS 66901


HIGHLIGHTS

  • 100% Project Based Section 8 - Option 3b
  • Concordia I - REAC/NSPIRE Score - 93 (Aug. 2024)
  • Concordia II - REAC/NSPIRE Score - 81 (Dec. 2024)
  • Professionally Managed
  • Tax Credit Eligible
  • Concordia I - Built in 1970 & Concordia II - Built in 1978

OVERVIEW

Ideally situated at 1610 Archer Street in Concordia, Kansas, Concordia Apartments I & II offer a prime location that combines neighborhood tranquility with exceptional connectivity. Concordia Place I consist of 24 units - (4) 1 bedroom, (12) 2 bedroom and (8) 3 bedroom units. Concordia Place II consists of 22 units - (4) 1 Bedroom, (14) 2 Bedroom and (4) 3 bedroom units. Concordia Place I & II are contiguous properties and 100% Project Based Section 8 assets (Option 3b). The properties are positioned within a well-established residential area just minutes from downtown Concordia, providing residents convenient access to the community’s retail, dining, and professional services. The properties benefit from their proximity to major local demand drivers, including Cloud County Community College, Concordia High School, and regional healthcare facilities. Their location also offers easy access to parks, recreational amenities, and key transportation routes, enhancing both livability and long-term tenant retention. This desirable setting within a stable and growing community positions Concordia Apartments I & II as an attractive multifamily investment opportunity—offering sustained occupancy potential, consistent rental demand, and enduring appeal in the Concordia market.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$34 USD /SF

# OF UNITS

46

PRICE/UNIT

$33,696

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Concordia I & II Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

-

APN/PARCEL ID

015-082-04-0-0-02-001.00-0

ASK ABOUT THIS PROPERTY

Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

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Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.