417-389-6638
6212 Slater St, Merriam, KS for Sale
Apartments - FOR SALE
1/7
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6212 Slater St
Merriam, KS 66202


HIGHLIGHTS

  • Zoned High Rise Residential
  • Stabilized Asset in Suburban Pocket Gentrifying in Real Time
  • Catty-Corner to Future Trader Joes
  • Adjacent to Merriam City Hall + Community Center
  • Blocks From $250mm Development

OVERVIEW

Zeal Property Advisors, LLC is pleased to present the exclusive offering of The Lookout Apartments (“The Property”), a 34-unit apartment community located in Merriam, Kansas. The Property was built in 1965 and underwent substantial renovations to the interior and exterior in the late 2000’s. The asset is located next door to the ongoing $250mm Merriam Grand Station & Marketplace development featuring a Trader Joes grocer catty-corner to Lookout. The Property is considered stabilized with little to no deferred maintenance in a suburban pocket gentrifying in real time. The Property is additionally uniquely zoned for High Rise Residential and prospective investors are encouraged to review this opportunity as a redevelopment or use as a future exit strategy. The Property is offered as a fee simple sale free and clear of debt and offers prospective investors the opportunity to acquire a well-located asset primed for above par appreciation + rent growth. Tour dates will be announced by the Brokers at a future date.

FOR SALE DETAILS

PRICE

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# OF UNITS

34

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lookout Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C1

APN/PARCEL ID

JP20000044-0011

ASK ABOUT THIS PROPERTY

Austin PaulZeal Property Advisors LLCMore Info
417-389-6638

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Austin PaulZeal Property Advisors LLCMore Info
417-389-6638

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