Steadfast Income REIT

Clarion Park

16700 W 127th St, Olathe, KS 66062

Clarion Park consists of 220 garden style one-, two- and three-bedroom apartments, plus two bedroom townhomes. The units average 950 square feet and include a full set of kitchen appliances, washer and dryer connections and patios, with many units offering walk-in closets and outdoor storage. Site amenities include a laundry room, playground, sports court and fitness trail. The city of Olathe, a suburb of Kansas City, MO, is one of the fastest growing cities in the country and is located in one of the wealthiest counties in the United States.

Acquistion Overview

Property Type: Multifamily
Number of Units: 220
Occupancy: 97% (06/14)
Year Built: 1994
Acquisition Date: 28-Jun-2011
Purchase Price: $11.2 million