


Urban 43
5300 Longview Rd, Kansas City, MO
42
Units
Acquisition Date:
Summer 2025
Overview
Urban 43 is a 42 unit multifamily community completed in 2017 and acquired at a favorable basis that provides immediate cash flow and long term appreciation potential. The property features modern studio layouts with polished concrete floors, contemporary cabinetry and lighting, concrete countertops, and efficient split system HVAC. Its single story design allows residents to park directly in front of their units, creating a townhome like environment with enhanced privacy and minimal shared common space. Amenities include an outdoor gathering area, gazebo, fitness room, and on site laundry. The asset is located in a high growth corridor south of Kansas City, where demand for newer workforce housing remains strong and rents remain well below Class A mid rise alternatives. Operational performance is exceeding expectations, with forward looking NOI of approximately 253,000, stable occupancy, and recent leases achieving 925 per month. The business plan focuses on achieving this rent level across the property through natural turnover within the first 24 months, driving organic revenue growth with minimal capital investment. Located within close proximity to Georgetown Apartments, Urban 43 adds a low maintenance, high quality asset to the portfolio with strong cash flow and durable upside.
Location