711 N Broadway St

• 27 Units (10 1BR, 17 2BR)
• Fully Renovated (elevator completion to be included in escrow)
• Rent and Occupancy up following renovations primed to continue with completion of elevator
• Seller Financing Offered up to ~75%

Property Description

Landmark Apartments, featuring 27 fully remodeled units, presents a turnkey investment opportunity within a historic property built in 1903 and renovated in 2022. Situated just 10 to 15 minutes walking from downtown on a 1.8 acre lot amidst well-kept single-family homes, this property has strong demand and commands over average rents. Leavenworth County has seen consistent population growth, averaging 0.7% annually over the last decade. The city of Leavenworth, the county seat and home to half the population, enjoys proximity to Fort Leavenworth, the longest standing Army Military base in the country and employer to over 9 thousand. Included on base is the United States Army Command and General Staff College, the graduate school for United State Army Officers. Landmark Apartments has an occupancy rate of 88% just shy of the city average 93% as they finalize lease up. Effective rent growth has been a strong and steady 5.9% over the past year, averaging 5% over three years. This investment taps into a flourishing market with promising growth prospects, offering immediate cash flow and substantial long-term value appreciation in a city poised for ongoing development.