Overview
Marcus & Millichap presents HL29 Flats, along with Ben Day Lofts and Broadway Lofts, located in St. Joseph, MO, and Leavenworth, KS. In Leavenworth, KS, Broadway Lofts and Ben Day Lofts provide 27 and 25 units, respectively, with a range of studio, one-bedroom, two-bedroom, and larger three- and four-bedroom apartments. Located just 20 miles from downtown Kansas City, Leavenworth boasts a low cost of living and is experiencing significant population growth, projected at 48% over the next 50 years. The city is home to Fort Leavenworth, the University of Saint Mary, the Dwight D. Eisenhower Veterans Affairs Medical Center, and a historic downtown area with locally owned shops and restaurants.HL29 Flats in St. Joseph offers 39 units with studio, one-bedroom, and two-bedroom layouts, featuring modern upgrades such as hardwood floors, exposed brick walls, and abundant natural light. The property includes amenities like a fitness center, off-street parking, and a community gazebo. St. Joseph benefits from a diverse local economy, with strong industries in food processing, bio-fuels, and animal health, being at the heart of the Kansas City Animal Health Corridor.
Investment Highlights
- Strong Economic Foundations: Leavenworth is part of the growing Kansas City metropolitan area, benefiting from its proximity to a major urban center while maintaining a more affordable cost of living. St. Joseph boasts a diverse economy, with key sectors in food processing, bio-fuels, and animal health, particularly within the Kansas City Animal Health Corridor.
- Population Growth and Demographics: Leavenworth County is projected to experience 48% population growth over the next 50 years, well above the state average of 22%, signaling long-term demand for housing. St. Joseph’s local economy supports a growing workforce with a significant presence in industries like agriculture, pharmaceuticals, and research.
- Affordable Housing Markets: Leavenworth offers a lower cost of living (83.1 compared to the national average of 100), making it an attractive location for renters seeking affordability while still being close to Kansas City. St. Joseph also offers relatively affordable living, with a mix of urban and suburban housing options.
- Growing Rental Demand: In Leavenworth, 20% of the housing stock is multifamily, with an increasing number of residents opting to rent rather than buy, further driving demand for rental properties. St. Joseph’s expanding industries, including bio-fuels and animal health, contribute to a rising need for rental housing for workers and families.
- Strategic Location and Connectivity: Leavenworth’s location just 20 miles from downtown Kansas City offers easy access to urban amenities and job opportunities while maintaining a more affordable environment for residents. St. Joseph serves as a key transportation hub, located along major highways and in proximity to Kansas City, making it a prime location for logistics and distribution businesses.
- Attractive Amenities and Community Appeal: Leavenworth’s historic district, featuring 28 blocks of locally owned shops and restaurants, creates a desirable living environment for renters. St. Joseph offers residents amenities like a fitness center, community gazebo, and proximity to nature, enhancing the appeal for those seeking a balanced lifestyle.
- Institutional Presence and Key Employers: Leavenworth is home to significant institutions, including Fort Leavenworth, the University of Saint Mary, and the Dwight D. Eisenhower Veterans Affairs Medical Center, driving both population growth and stable rental demand. St. Joseph’s animal health research facilities, pharmaceutical companies, and manufacturing sectors offer a steady stream of professional tenants.
- Multifamily Market Potential: The Leavenworth multifamily market is expected to grow due to the projected population increase and increasing demand for rental housing in the area. St. Joseph’s ongoing urban redevelopment and its status as a growing regional hub create potential for appreciation and value-add opportunities for multifamily investors.
Top Employment Drivers in Leavenworth County
Photo Gallery
Contact
