Description
Martin City Flats offers the opportunity to acquire a turkey multifamily asset well positioned for a long-term hold. The offering includes 30 newly renovated apartment homes half a mile south of the growing Martin City neighborhood. The neighborhood is experiencing rapid property value and rent increases. Non-recourse 3.54% Freddie debt is assumed and offers a remaining ~2 year interest only term followed by a 7-year fixed rate term. The previous owner completed a well executed renovation and capex strategy and is complimented by the current ownership’s +$130K in capex improvements over the past 15 months. The seller has qualified and professional in-place property management. The property presents a few value-add opportunities via additional income streams through laundry, RUBS and covered parking.
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The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (Heartland MLS). © 2022 Heartland Multiple Listing Service, Inc. Heartland MLS and this broker do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation, or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company.
Terms Of Use Agreement
As consideration for the right to search this website operated by (name of HMLS Participant) for
properties for sale or lease, I/We (“User”) agree to the following terms and conditions:
1. All data displayed on this website about properties for sale or lease are the proprietary asset of the
Heartland Multiple Listing Service, Inc. (“HMLS”). HMLS owns all Intellectual Property Rights in and
to such data, or the compilation of such data, including all copyright, patent, trade secret, or
trademark rights. User will not contest HMLS’ Intellectual Property Right claims, nor assist others in
doing so. User agrees that in the event User infringes upon HMLS’ Intellectual Property Rights in
the property data displayed on this website, HMLS’ remedies at law are inadequate, and that HMLS
is entitled to temporary and permanent injunctive relief to prohibit such an infringement.
2. User agrees that User is a bona fide potential purchaser or lessee of property in the market area
served by HMLS and (name of broker). User agrees that any search performed by User of
properties available for sale or lease utilizing this website is solely for the purpose of identifying
properties in which User has legitimate and bona fide interest in buying or leasing.
3. User agrees that User shall not use this website, or any of the property data accessible on this
website, for any commercial or business purpose. User shall not sell, loan, exchange, or license, or
otherwise retransmit the property data accessible on this website to any third party without the
express written permission of HMLS and (name of broker).
4. User waives any and all claims for damages of any kind against HMLS or (name of broker) by
reason of Users’ use of this website, or the property data available at this website, including, but not
limited to actual, punitive, special, or consequential damages, or lost profits or unrealized savings.
5. This Agreement shall be governed by the laws of Kansas. User agrees that any suit to enforce this
Agreement shall be brought in the state or federal courts having jurisdiction over Johnson County,
Kansas. User waives any objection to the personal jurisdiction of such courts.
6. In the event a judgment is entered against User in any action by or against User to enforce the
parties’ obligations under this Agreement, User shall pay the prevailing parties’ attorneys fees and
costs incurred in the prosecution or defense of such action.
7. User acknowledges and agrees that HMLS is a third party beneficiary of this Agreement and both
(name of broker) and HMLS shall each have the authority to enforce its terms against User. Updated: 1st June, 2023 12:47 AM (UTC)
Listing Office: Clemons Real Estate LLC
Attribution contact: 816-774-4250 | 913-940-2047
