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.