Investment Overview

The St. Joseph Portfolio presents the opportunity to acquire a 179-unit multifamily portfolio consisting of three strategically located communities throughout St. Joseph, Missouri. The portfolio includes City View Lofts (60 units), Summit Place (23 units), and Frederick Avenue Apartments (96 units), offering a diversified mix of studio, one-bedroom, two-bedroom, and three-bedroom floor plans that appeal to a broad workforce tenant base. The assets currently maintain approximately 97 percent physical occupancy and have benefited from nearly $700,000 of capital improvements completed since 2023. The investment offers an attractive combination of stable cash flow, below-replacement-cost pricing, and meaningful value-add potential through continued operational improvements. Current ownership has made substantial progress addressing deferred maintenance and improving property operations, creating an opportunity for a new investor to capitalize on collection improvements, rent optimization, and expense efficiencies. In addition, buyers may have the opportunity to assume approximately $8.41 million of existing financing at a 5.48 percent fixed interest rate with interest-only payments through May 2028, creating a compelling financing advantage in today's lending environment