74 Units | Built 1998

The Opportunity

Berkadia Real Estate Advisors have been exclusively retained to offer qualified investors the opportunity to purchase Lenexa Crossing, a conventional 280-unit multifamily asset located in Johnson County, one of Kansas City's most desirable submarkets.


  • Interior renovations have been completed on approximately 75% of the property.
  • These units have received marginal cosmetic upgrades and have well received by the market and are achieving a premium of $60 to $90 over non-renovated units.
  • A systematic approach to upgrading the remaining 25% of the ‘classic’ units will strengthen revenues and increase NOI to inherently create additional value.


Investment Highlights

  • Value-Add Opportunity with Proven Rent Upside
  • Current Interior Renovations Achieving Premiums of Up To $90
  • Additional Upside with a More Comprehensive Unit Upgrade Package (Cabinets, Solid Surface Countertops, Appliances, etc.)
  • Capture Additional Upside as Renewals and New Leases Are Executed
  • Affluent Johnson County Location Near the College Boulevard Office Corridor and Oak Park Mall
  • Offered with Assumable Freddie Mac Debt or Free & Clear

The Opportunity

Investment Highlights

Section 42 LIHTC Community with HOME LURA In-Place

Expensive Housing Market Creates Tight Apartment Fundamentals

Strong In-Place Income with Substantial Market Rate Reposition Opportunity in 2027

High Quality of Life Offering in the Heart of the Texas Hill Country

All Cash Transaction


Interior Features

  • Breakfast Bar
  • Ceiling Fans
  • Tile Floors
  • Pantry
  • Nine-Foot Ceilings
  • Dishwasher and Microwave
  • Mirrored Closet Doors*
  • Faux-Wood Flooring*
  • Outside Storage
  • Vaulted Ceilings*
  • Walk-In Closets*
  • Washer / Dryer Connections
  • Balcony or Patio

*In Select Units

Community Amenities

  • Swimming Pool with Sundeck
  • Barbecue | Picnic Area
  • Children's Play Area
  • Clubhouse
  • Community WiFi
  • Courtyard
  • Copy and Fax Services
  • Gated Access
  • 24-Hour Laundry Facility
  • On-Site Maintenance
  • Convenient Access to Public Transportation
  • Lush Landscaping







901 S. MoPac Expressway

Suite 430

Austin, Texas 78746

512.226.8700 | Fax: 512.327.37111

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.   This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. 

©2019 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: