Jeff Lamott, Gabe Tovar and Northmarq’s Kansas City-based Investment Sales Office arranged the $11million sale of a 194 unit St. Joseph portfolio in Kansas City, Missouri. Northmarq represented Worcester Investments exclusively in the transaction.
St. Joseph, a manufacturing center with a vibrant workforce, is located only 30 minutes from Kansas City. The portfolio includes both urban loft communities and garden-style communities. Residents have immediate access to major thoroughfares, regional shopping centers, and top regional employers.
City View Lofts: City View was originally built in 1915 as St. Joseph Junior College. It was redeveloped into spacious loft homes with all of its historic charm. The 60-unit community is located at 201 South 10th Street. It offers stunning views of the skyline and overlooks the heart of the city’s revitalized historic downtown. Each loft has hardwood or carpet flooring, spacious walk-in closets, and ceilings up to 18 feet. The community amenities include a resident elevator, off-street parking and laundry facilities.
Summit Place: Located in the historic Hall Street District is Summit Place, which is only two blocks from City Hall overlooking the six-acre Civic City Park. There are 23 units available in the community, which includes one, two, and three-bedroom homes. The floor plans are spacious. Summit Place, located at 516 North 10th Street, was built in 1901. It is adjacent to the Cathedral of St. Joseph Catholic Church. This community is ideal for residents who are looking for a lifestyle that combines work and play. The communities include off-street parking and a laundry facility.
Eugene Field: Eugene Field is located one block from Summit Place at 425 North 11th Street. It offers 15 one- and 2-bedroom units as well as convenient access to the suburban shopping corridor. The community was built in 1900 and is just two blocks from Civic Center Park, St. Joseph’s Public Downtown Library, and Civic Center Park. The community features include off-street parking, laundry facilities and open space for residents to add a pet park or grilling stations.
Frederick Apartments: This multifamily property, which has 96 units, was built in 1958. It is located at 2901 Frederick Avenue. Frederick Apartments are located just one mile from the city’s bustling retail corridor and major highway access point. Residents can access the greater Kansas City metropolitan area via Frederick Apartments. The community features large, well-maintained two- and three-bedroom homes. The community amenities include laundry facilities and grilling stations, picnic areas, available storage units as well as playgrounds, carports, on site maintenance, and a leasing desk.