10302 W 62nd Ter

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Address: 10302 W 62nd Terrace, Shawnee, KS 66203, USA

Chicago & Midwest + Apartment Buildings

Created date: October 25, 2024

Date last updated: December 2, 2024

96.7% Occupancy (Oct. 24)
7% Cap Rate (Proforma Year 2)
Located in an Opportunity Zone
Positive Historical Lease Up Velocity
Healthy Unit Mix & Oversized Units
Missing Middle Affordable Housing
Low Vacancy Submarket
Resilient Economics
Appealing Walkability to Vibrant, Historic Downtown
Commuter Heaven
Strong Fundamental Demographics

Property Description

Oakside Apartments is a 60 unit garden apartment community in Shawnee, Kansas. The property enjoys a healthy mix of units with one- and two-bedroom floorplans, all of which are sizable as compared to the competition. The property has been extensively renovated with attractive finishes including quartz countertops, LVT flooring, stainless steel fittings and appliances. This combination of finishes provides a modern and durable aesthetic. The apartments are tucked away in a park-like setting just 1/2 mile west of the prime interchange of I-35 and Shawnee Mission Parkway, a key east-west thoroughfare which links Shawnee to the greater KC metro area. Tenants enjoy convenient 1 mile proximity to Historic Downtown Shawnee with dozens of shops, restaurants and destinations patronized by residents and the broader metro alike. Oakside Apartments is located within an opportunity zone. Commuters love the easy access to the vibrant Kansas City Downtown business district (15 minutes) to the northeast and forever-thriving College Boulevard corridor (10 minutes) to the southwest.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$7,250,000
No. of Units:	60
Year Built:	1969
Lot Size:	2.74 Sq ft
Opportunity Zone:	No
Price per unit:	$120,833
Property Website	Click Here