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Lebanon Sundance Apartments 1031 Ivey Ln 40 Unit Apartment Building $3,490,813 CAD ($87,270 CAD/Unit) 5.99% Cap Rate Lebanon, MO 65536

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INVESTMENT HIGHLIGHTS

The property is currently under a Low- Income Housing Tax Credit (LIHTC) program with 3 years remaining on the Land Use Restriction Agreement (LURA).
The property features 32 two-bedroom units (828 SF) and 8 three-bedroom units (926 SF), making it an ideal choice for a wide tenant base.

Sundance Apartments is well-equipped with amenities such as a children’s playground, sand volleyball court, BBQ gazebo, dog station, & green space.

EXECUTIVE SUMMARY

Sundance Apartments, located at 1031 Ivey Lane in Lebanon, Missouri, offers an exceptional investment opportunity with 40 well-maintained units
situated on a 4.45-acre lot. Built in 1999, the property consists of two 20-unit buildings and offers a highly desirable mix of spacious two- and threebedroom
apartments. With a strong set of amenities and an attractive unit layout, Sundance Apartments provides investors with immediate value
and long-term potential.
Sundance Apartments presents a rare opportunity for experienced investors to acquire a property with a solid current cash flow and substantial
future upside once the LURA expires. The combination of a desirable unit mix, extensive amenities, and a strong rental growth potential makes this
an attractive investment in a growing community.

PROPERTY FACTS

Price	$3,490,813 CAD	Building Class	C
Price Per Unit	$87,270 CAD	Lot Size	4.46 AC
Sale Type	Investment	Building Size	33,904 SF
Cap Rate	5.99%	Average Occupancy	98%
Sale Condition	1031 Exchange	No. Stories	2
No. Units	40	Year Built	1999
Property Type	Multifamily	Parking Ratio	1.47/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	Multi-Family

Price	$3,490,813 CAD
Price Per Unit	$87,270 CAD
Sale Type	Investment
Cap Rate	5.99%
Sale Condition	1031 Exchange
No. Units	40
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	4.46 AC
Building Size	33,904 SF
Average Occupancy	98%
No. Stories	2
Year Built	1999
Parking Ratio	1.47/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Multi-Family