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Toby Gallegos
tobygallegosbroker@lofty.comListed by Patrick Habiger • KW One Legacy Partners, LLC
$ 618,000
Est. payment /mo
New
1724 SE Pennsylvania AVE Topeka, KS 66607
2 Beds
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Package of Properties
Listing Status Active
Purchase Type For Sale
Subdivision Drake
MLS Listing ID 246137
Style Side-by-Side
Bedrooms 2
Year Built 1959
Annual Tax Amount $1,753
Lot Dimensions 155x56
Property Sub-Type Package of Properties
Source sunflower
Property Description
11-Unit Cash-Flowing Rental Portfolio – 10.5% Cap Rate – $618,000 Rare opportunity to acquire a diversified, cash-flowing rental portfolio in one transaction. This package includes 11 units across a mix of single family homes and duplexes, spread across established Topeka neighborhoods, delivering a 10.5% cap rate. Included Properties: 534 NE Grattan St 536 NE Grattan St 538 NE Grattan St 309 NE Twiss Ave 1232 NW Jackson Ave 3309 SE Indiana Ave 940 & 942 NE Poplar St (duplex) 1724 SE Pennsylvania Ave Up 1724 SE Pennsylvania Ave Down 1523 SW Western 9 of the 11 units are currently occupied and producing rental income, with 2 vacant units offering immediate upside for an incoming investor to set rents at market rate. Ideal for investors looking to scale a rental portfolio in established, established Topeka neighborhoods. Sold as a package at $618,000.
Location
State KS
County Shawnee County
Direction SE 21st east to Pennsylvania, north to the property.
Interior
Fireplace No
Building
Faces SE 21st east to Pennsylvania, north to the property.
Architectural Style Side-by-Side
Schools
Elementary Schools Williams Science/Fine Arts Elementary School/Usd
Middle Schools Eisenhower Middle School/Usd 501
High Schools Highland Park High School/Usd 501
Others
Tax ID R32402
Nearby Locations
Toby Gallegos