Description
Incredible Investment Opportunity 12-Unit Apartment Building + New Construction Duplex Near Major Universities A rare chance to acquire a high-quality multifamily investment featuring a 12-unit apartment building and a newly constructed duplex, both ideally situated near two major universities, with excellent access to downtown and major highways. 420 Meridian 12-Unit Apartment Building This well-maintained complex includes twelve 2-bedroom, 1.5-bath units averaging 1,000 sq ft, each with private patios or decks. Significant recent upgrades include: All-new furnaces and central A/C units installed in 2024 (12 total) 7 of 12 units extensively remodeled with: New flooring and updated kitchens (quartz countertops, tile, modern appliances) Bathroom upgrades including new tile, vanities, and fixtures Washer/dryer hookups in 6 units Roofs replaced approximately 4 years ago Exterior paint completed 3 years ago New concrete HVAC pads in 2024 502/504 S Meridian New Construction Duplex (Built 2023) Located just across the street, this duplex adds newer construction value and contemporary appeal: Two 3-bedroom, 2-bath units with quality finishes throughout Detached 2-car garage, divided for privacyone garage space per unit Expanded driveway for better access and increased parking This package combines recent renovations, new systems, and long-term location valueideal for investors seeking low maintenance and strong tenant demand.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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18,762SQFT
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$88$/SQFT
School Information
Listing information © 2025 South Central Kansas MLS.
Listing provided courtesy of Nela Bayouth of Reece Nichols South Central Kansas .
Description
Incredible Investment Opportunity 12-Unit Apartment Building + New Construction Duplex Near Major Universities A rare chance to acquire a high-quality multifamily investment featuring a 12-unit apartment building and a newly constructed duplex, both ideally situated near two major universities, with excellent access to downtown and major highways. 420 Meridian 12-Unit Apartment Building This well-maintained complex includes twelve 2-bedroom, 1.5-bath units averaging 1,000 sq ft, each with private patios or decks. Significant recent upgrades include: All-new furnaces and central A/C units installed in 2024 (12 total) 7 of 12 units extensively remodeled with: New flooring and updated kitchens (quartz countertops, tile, modern appliances) Bathroom upgrades including new tile, vanities, and fixtures Washer/dryer hookups in 6 units Roofs replaced approximately 4 years ago Exterior paint completed 3 years ago New concrete HVAC pads in 2024 502/504 S Meridian New Construction Duplex (Built 2023) Located just across the street, this duplex adds newer construction value and contemporary appeal: Two 3-bedroom, 2-bath units with quality finishes throughout Detached 2-car garage, divided for privacyone garage space per unit Expanded driveway for better access and increased parking This package combines recent renovations, new systems, and long-term location valueideal for investors seeking low maintenance and strong tenant demand.
This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2025 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: 2025-05-16T23:01:06.183.