Northmarq is pleased to present the opportunity to acquire Campus View and The Hamilton Apartments, comprising of 130 units in one of the nation's most quintessential college towns. Lawrence is home to the University of Kansas (enrollment of 30,000 students). Constructed in 1960, Campus View and The Hamilton consist of a total of studio, one- and two-bedroom apartment homes averaging 663 square feet. The majority of units were renovated in 2023. Property amenities include fully-equipped kitchens, a newly remodeled on-site laundry room, and high-speed wireless Internet. Other amenities include controlled access upon entry, hardwood floors and a private patio or balcony. Campus View & The Hamilton offer investors a stabilized asset in a highly visible and easily accessible location within a very well insulated market.
The properties were recently appraised for $12.2M As Is and $12.9M As Improved. They can be sold as a portfolio or individually. The Licensee has an ownership interest.