Download Marketing Package & Financial Summary Here

Download Prospectors_Point_De_Soto_KS_Marketing_Package_1-10-2017.pdf
  • Rents are well below Max Net Rents
  • Within Minutes of Shopping, Restaurants, Parks, Schools, & Entertainment
  • 28 miles from Kansas City
  • 2 & 3 Bedroom Floor Plans

9680 Lexington Avenue
De Soto, KS 66018

  • Status: Closed
  • Price: $1,500,000
  • # of Units: 32
  • Rentable SF: 30,400
  • Price per Unit: $46,875
  • Price per SF: $49.34
  • Year Built: 1998
  • # of Buildings: 2
  • Lot Size: 6.69 Acres
  • Density: 4.78 Units/ Acre
  • # of Stories: 2
  • Download Marketing Package:
  • Description:

    • Prospectors Point Apartments is a 32-unit affordable housing community located
      in De Soto, KS. Within blocks of the property you’ll find public parks, schools,
      shopping, entertainment, and other area amenities. Residents benefit from well
      maintained grounds, on-site leasing office, and playground.

      Prospectors Point was built and placed into service in 1998 under the Section 42
      Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory
      agreement in place which requires all units to be rented to income qualifying
      residents earning no more than 60% of Area Median Income (AMI) limits, which
      are provided by Kansas Department of Commerce & Housing. The property is out
      of its initial tax credit compliance period. A qualified purchaser can be a non-profit or for-profit entity that agrees to maintain the affordable housing units and to fulfill all requirements
      of an existing regulatory agreement.