913-469-6536
6115 Nieman Rd, Shawnee, KS for Sale
Apartments - FOR SALE
1/78
null | Request Cap Rate

6115 Nieman Rd
Shawnee, KS 66203


HIGHLIGHTS

  • Boutique 2023 Construction in Supply-Constrained Submarket
  • Heart of Shawnee - Premier Johnson County Address
  • Tax-Advantaged Cash Flow via Shawnee's KNRA Tax Reimbursement
  • Organic Rent Growth with Mark-to-Market Upside
  • Oversized Townhome Floor Plans with Attached Garages
  • Core-Plus Profile with Limited Execution Risk

OVERVIEW

Northmarq is pleased to present Blume Shawnee, a 29-unit, 2023-built Class A townhome-style community located in the heart of Shawnee, Kansas — one of Johnson County’s most affluent and supply-constrained submarkets. Surrounded by top-rated schools, strong household incomes, established retail corridors, and convenient commuter access, the property benefits from durable renter demand in a premier suburban location. Blume Shawnee features oversized residences averaging 1,357 square feet overall, including expansive two-bedroom layouts averaging approximately 1,833 square feet. Each unit offers private entrances and attached garages, delivering a true single-family living experience within a professionally managed rental community — a highly differentiated product type in the market. The asset is currently 93% occupied with in-place rents averaging ~$2,155 and clear mark-to-market upside supported by projected market rents. The 2023 vintage construction limits near-term capital needs, allowing investors to capture organic rent growth without renovation risk. Additionally, the property benefits from a Shawnee Kansas KNRA tax reimbursement that returns approximately 85% of property taxes paid for the remaining nine years of a 10-year term, providing meaningful and predictable NOI enhancement. Offered free and clear of existing debt, Blume Shawnee presents a rare opportunity to acquire newer construction, large-format townhome product with tax-advantaged cash flow in the core of Johnson County.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

29

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blume Shawnee Townhomes / Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

69

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

TSQ

APN/PARCEL ID

QP47380000-0001

ASK ABOUT THIS PROPERTY

David BelpedioNorthmarqMore Info
913-469-6536

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

David BelpedioNorthmarqMore Info
913-469-6536

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