Description
Welcome to your next investment opportunity- a thriving 24 unit apartment community nestled in a serene residential neighborhood. The property has a gross revenue of $163,620 with an opportunity to continue to increase rent rates to market value. There have been many updates in the last two years including new roofs, approximately $35,000 of exterior repairs such as concrete in parking lot, new water main lines to each building, some siding and exterior painting. Interior upgrades include 5 hvac units, 4 water heaters, 3 refrigerators, as well as cosmetic updates to paint/flooring/bathrooms/ etc during each turn over. There is on site parking for each unit as well as other amenities including onsite laundry facilities, ample green space, private patio/balcony to each unit, and more. Don't delay schedule your showing today!
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0BEDS
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96ACRES
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0BATHS
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01/2 BATHS
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12,300SQFT
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$118$/SQFT
School Information
Listing information © 2023 South Central Kansas MLS.
Listing provided courtesy of Nela Bayouth of Reece Nichols South Central Kansas .
Description
Welcome to your next investment opportunity- a thriving 24 unit apartment community nestled in a serene residential neighborhood. The property has a gross revenue of $163,620 with an opportunity to continue to increase rent rates to market value. There have been many updates in the last two years including new roofs, approximately $35,000 of exterior repairs such as concrete in parking lot, new water main lines to each building, some siding and exterior painting. Interior upgrades include 5 hvac units, 4 water heaters, 3 refrigerators, as well as cosmetic updates to paint/flooring/bathrooms/ etc during each turn over. There is on site parking for each unit as well as other amenities including onsite laundry facilities, ample green space, private patio/balcony to each unit, and more. Don't delay schedule your showing today!
This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2023 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-09-26T00:00:43.687.