REO Sale: Brittany Village Apartments | St. Joseph MSA

Highlights:

• Institutional‐Scale Footprint: 280 units under one roofline support fully staffed, cost‐efficient operations and attract larger capital.
• Diversified, Demand‐Driven Floorplans: Balanced mix of 1‐, 2‐, and 3‐bedroom layouts appeals to singles, families, and roommates alike.
• Expansive Interior Square Footage: Larger‐than‐market unit sizes deliver livability that commands premium rents post‐renovation.
• Desirable Construction: Pitched Roofs, Separately metered copper panels, and central HVAC units.
• High‐Impact Value‐Add Canvas: 103+/- offline units and deferred‐maintenance upside position investors for outsized NOI growth.

Description:

Ri marketplace Online Auction November 3-5, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2802/reo-sale-brittany-village-apartments-st.-joseph-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2802

SVN and RI Marketplace are pleased to present Brittany Village Apartments, a rare, scale‐advantaged value‐add asset: a 280‐unit garden community in St. Joseph, Missouri, just 45 minutes north of Kansas City. Today, 103 +/- units are offline —creating deep, controllable upside for a well‐capitalized buyer willing to invest in renovations. St. Joseph’s fundamentals strengthen the play: rents average ≈30 % below the national level while 40% of households rent, giving ample runway to grow income without sacrificing affordability.

A diverse employer base—Mosaic Life Care, Triumph Foods, Boehringer Ingelheim, Tyson Foods, and the Missouri Air National Guard—anchors demand and supports lease‐up. A clear path to transform a distressed asset into a stabilized, cash‐flowing property with meaningful exit optionality— whether refinancing for hold or selling into strong Midwest demand for 200‐plus‐unit communities. St. Joseph’s wide affordability gap, large renter cohort, and diverse job base combine with this property’s concentrated scale to create a rare Midwest value‐add play: buy distressed, inject capital, lease‐up, and own a 280‐unit community at an incredible basis.


Gary D. Ryther
c/o Fisher Auction Company Inc.
License: 199018502
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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