773-251-7342
6311 Woodland Ave, Kansas City, MO for Sale
Apartments - FOR SALE
1/11
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6311 Woodland Ave
Kansas City, MO 64131
Blenheim Square-Research Hospital


HIGHLIGHTS

  • 100% Project-Based Section 8 (Option 3b) with a 10 Year HAP Expiring March 31, 2032
  • REAC/NSPIRE Score - 86
  • Modernized with Low Income Housing Tax Credits in 2012 - Initial Compliance Period Expires January 1st, 2027
  • Located in a Qualified Census Tract (130% basis) for Low Income Housing Tax Credit (LIHTC) rehabilitation
  • Close proximity to Hospital and Social Security Office

OVERVIEW

Victoria Arms is located at 6311 Woodland Avenue in Kansas City, Missouri and consists of 124 (1) bedroom units designated for seniors and disabled persons. Victoria Arms offers an excellent in-fill location within a strong and established residential community. The site benefits from convenient access to key employment centers, public transportation, and major thoroughfares, including U.S. Highway 71 and I-435, providing seamless connectivity throughout the Kansas City metropolitan area. The property operates under a Project-Based Section 8 - Option 3b (100%) housing program, ensuring long-term rental stability and consistent occupancy through the federally subsidized housing contract. This structure provides predictable cash flow, reduced turnover risk, and alignment with the ongoing demand for quality, affordable housing in the Kansas City market. Victoria Arms also leases some of the parking spaces to Brookside Charter School and has cell tower income for additional cash flow. Victoria Arms provides a savvy, affordable investor the opportunity to utilize HUD's Section 209 Use Agreement Swap to unlock close to $300 in rent potential/upside. An ideal property for the Section 209 Swap would be a current Low Income Tax Credit property of similar unit size and located near Victoria Arms.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

124

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victoria Arms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

9

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,360 SF

ZONING

R-.05

APN/PARCEL ID

47-140-01-44-00-0-00-000

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.