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.