Description
Exceptional investment opportunity: a premium 14-unit apartment complex with a commercial lease on the ground floor. This property offers a perfect blend of residential and commercial space, making it an ideal choice for investors seeking steady rental income and potential business opportunities. Extremely low maintenance. Unit breakdown: 4 units - 1 bedroom, 1 bathroom 8 units - 2 bedrooms, 1 bathroom 1 unit - 2 bedrooms, 1.5 bathroom 1 unit - currently leased and used by commercial tenant Property highlights: 1. Prime location: conveniently located near the city's arterial intersection of 9th (HWY 160) and Main (HWY 77) 2. Income potential: The combination of residential units, commercial lease and covered parking spaces provides a diverse revenue stream and potential for long-term profitability. 3. Attractive Design: The complex features a non-combustible masonry structure - favorable for a cost-effective insurance policy 4. Covered parking garage with ample space for tenants and an additional revenue stream. Don't miss this opportunity to own both commercial and residential property in a great location.
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0BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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1,720SQFT
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$379$/SQFT
School Ratings & Info
Listing information © 2023 South Central Kansas MLS.
Listing provided courtesy of Angela King of Albright Realty .
Description
Exceptional investment opportunity: a premium 14-unit apartment complex with a commercial lease on the ground floor. This property offers a perfect blend of residential and commercial space, making it an ideal choice for investors seeking steady rental income and potential business opportunities. Extremely low maintenance. Unit breakdown: 4 units - 1 bedroom, 1 bathroom 8 units - 2 bedrooms, 1 bathroom 1 unit - 2 bedrooms, 1.5 bathroom 1 unit - currently leased and used by commercial tenant Property highlights: 1. Prime location: conveniently located near the city's arterial intersection of 9th (HWY 160) and Main (HWY 77) 2. Income potential: The combination of residential units, commercial lease and covered parking spaces provides a diverse revenue stream and potential for long-term profitability. 3. Attractive Design: The complex features a non-combustible masonry structure - favorable for a cost-effective insurance policy 4. Covered parking garage with ample space for tenants and an additional revenue stream. Don't miss this opportunity to own both commercial and residential property in a great location.
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: 2023-12-06T00:00:47.693.