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1610 Archer St - Concordia I & II Apartments 46 Unit Apartment Building Offered at $2,163,676 CAD Concordia, KS 66901
INVESTMENT HIGHLIGHTS
- 100% Project Based Section 8 - Option 3b
- Concordia II - REAC/NSPIRE Score - 81 (Dec. 2024)
- Tax Credit Eligible
- Concordia I - REAC/NSPIRE Score - 93 (Aug. 2024)
- Professionally Managed
- Concordia I - Built in 1970 & Concordia II - Built in 1978
EXECUTIVE SUMMARY
Ideally situated at 1610 Archer Street in Concordia, Kansas, Concordia Apartments I & II offer a prime location that combines neighborhood tranquility with exceptional connectivity. Concordia Place I consist of 24 units - (4) 1 bedroom, (12) 2 bedroom and (8) 3 bedroom units. Concordia Place II consists of 22 units - (4) 1 Bedroom, (14) 2 Bedroom and (4) 3 bedroom units. Concordia Place I & II are contiguous properties and 100% Project Based Section 8 assets (Option 3b).
The properties are positioned within a well-established residential area just minutes from downtown Concordia, providing residents convenient access to the community’s retail, dining, and professional services.
The properties benefit from their proximity to major local demand drivers, including Cloud County Community College, Concordia High School, and regional healthcare facilities. Their location also offers easy access to parks, recreational amenities, and key transportation routes, enhancing both livability and long-term tenant retention.
This desirable setting within a stable and growing community positions Concordia Apartments I & II as an attractive multifamily investment opportunity—offering sustained occupancy potential, consistent rental demand, and enduring appeal in the Concordia market.
The properties are positioned within a well-established residential area just minutes from downtown Concordia, providing residents convenient access to the community’s retail, dining, and professional services.
The properties benefit from their proximity to major local demand drivers, including Cloud County Community College, Concordia High School, and regional healthcare facilities. Their location also offers easy access to parks, recreational amenities, and key transportation routes, enhancing both livability and long-term tenant retention.
This desirable setting within a stable and growing community positions Concordia Apartments I & II as an attractive multifamily investment opportunity—offering sustained occupancy potential, consistent rental demand, and enduring appeal in the Concordia market.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 26 | - | - |
| 3+1 | 12 | - | - |
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1610 Archer St - Concordia I & II Apartments
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