REBusinessOnline

Marcus & Millichap Arranges $13.8M Sale of 207-Unit Apartment Complex in Kansas City

KANSAS CITY, MO. — Marcus & Millichap has arranged the sale of a nine-building, 207-unit apartment complex in the Northland submarket of Kansas City. The Hills sold for $13.8 million, or $66,700 per unit. The property was built in 1972 and has had $6 million in renovations over the last three years. The property is located at 506 NW 55th Terrace. Amenities of The Hills include gated entry, granite countertops, a 24-hour fitness facility, a clubhouse, a media boom, billiards, a dog park, playground and barbecue areas, on-site management and an outdoor pool with sundeck.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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