As exclusive advisor, MMG Real Estate Advisors is pleased to present Martin City Flats, a 30-unit multifamily community located at 706 E 139th Street in Kansas City,
Missouri. Originally built in 1965, the property was acquired by current ownership and has undergone a comprehensive renovation program totaling over $446,000 in capital improvements from 2022 through 2025, including new exterior decks, electrical panel upgrades, HVAC replacements, appliance packages, and full interior unit renovations across multiple buildings.
Martin City Flats is a 96.7% occupied, cash-flowing asset situated in one of the tightest submarkets in the Kansas City metro, with a 4.2% vacancy rate and no new supply
in the pipeline. The surrounding three-mile trade area carries a median household income of $98,006, supported by strong demand drivers including the Cerner/Oracle Health campus and immediate access to Interstate 49 and MO-150. Current ownership has addressed deferred maintenance and invested heavily in capital improvements, leaving a new buyer with a renovated, stabilized asset and multiple paths to grow NOI from day one.