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Toby Gallegos
tobygallegosbroker@lofty.comListed by Heidi Petesch • Better Homes and Gardens Real
$ 595,000
Est. payment /mo
Active
1505 Linn Street Valley Falls, KS 66088
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Valley Falls
MLS Listing ID 239141
Annual Tax Amount $24,515
Lot Dimensions 3.89
Property Sub-Type Commercial
Source sunflower
Property Description
What a fantastic investment opportunity! This 15-unit apartment complex in Valley Falls, KS cashflows on day 1 with a 10% cap rate. This complex will be an excellent addition to any real estate portfolio. Or the perfect opportunity to skip the side hustle and jump straight into self-employment as the acting property manager. All mechanicals and major maintenance have been completed to provide a solid foundation of steady income for years. -Monthly rent at 100% occupancy: $12,065 -75% of current leases are open on month-to-month terms -Annual income of $144,780 -Seller financing available -Complete document package by request -Coordinated handoff with current property manager after closing This property is a unique cashflow opportunity; no sweat equity is necessary. Unit Summary -6 One-bedroom, One-bathroom units -7 Studio units -Two-bedroom, two-bathroom unit with basement and private laundry -Three-bedroom, two-bathroom unit with private laundry and balcony -On-site gym with half bath -Two seperate laundry rooms (4 washers, 4 dryers total) Schedule your showing today!
Location
State KS
County Jefferson County
Zoning C-1 Commercial
Direction K16 Hwy to Linn St.
Interior
Fireplace No
Exterior
Parking Features Parking Pad
Building
Lot Description Free Standing
Faces K16 Hwy to Linn St.
Others
Tax ID R1098
Toby Gallegos