Multi-Unit Investment Opportunity With 100% Occupancy and an Outstanding Re
Located in Emporia, Kansas, this 10 door unit package offers an opportunity for an outstanding investment at a current 8% cap rate with potential growth. With all units at 100% occupancy, the current rent is conservatively generating $83,700 in annual income. Emporia State University and Flint Hills Technical College, located in Emporia, add additional numbers to the above average community of renters. The annual real estate taxes for 2020 are estimated at $12,445.72. All units have received recent maintenance and improvements to full remodels. All current lease agreements and deposits will transfer to the buyer at closing.
Whether you are starting out with your first units or expanding your portfolio, this multi-unit package has been a longtime producer and will take your investments to the next level. Scheduled showings to qualified buyers with 48 hour notice.
Property Features
-2432 ...
-2432 West Ridge Dr., Emporia, KS 66801
-Built in 1981
-Split level with a finished basement
-1,173 sq. ft. of finished living space
-2 bedrooms
-1.5 bathrooms
-New roof in 2020
-$800 monthly rent with lease expiring 04/30/2021
-2020 taxes: $1,640.30
-2430 West Ridge Dr., Emporia, KS 66801
-Built in 1981
-1,173 sq. ft. of finished living space
-Split level with a finished basement
-2 bedrooms
-1.5 bathrooms
-New roof in 2020
-New furnace in 2018
-$800 monthly rent with lease expiring 08/31/2021
-2020 taxes: $1,640.30
-2416 West Ridge Dr., Emporia, KS 66801
-Built in 1983
-2-story condominium on a slab
-1,421 sq. ft. of finished living space
-3 bedrooms
-1 full bath with 2 half baths
-New roof in 2019
-$825 monthly rent with lease expiring 08/31/2021
-2020 taxes: $1,151.04
-643 Lincoln St., Emporia, KS 66801
-Built in 1945
-Bungalow with a crawl space
-1,055 sq. ft. of finished living space
-3 bedrooms
-1 bathroom
-New heating and air system in March 2018
-Hardwood floors redone in 2018
-$600 monthly rent with lease expiring 06/30/2021
-2020 taxes: $883.60
-1119 W 9th Ave., Emporia, KS 66801
-Built in 1900
-Bungalow with a basement
-864 sq. ft. of finished living space
-2 bedrooms
-1 bathroom
-New stove in 2016
-$550 monthly rent with lease expiring 06/30/2021
-2020 taxes: $1,039.24
-928 Lakeview St., Emporia, KS 66801
-Built in 1980
-2-story with crawl space
-1,350 sq. ft. of finished living space
-3 bedrooms
-1.5 bathrooms
-New furnace in 2018
-New roof in 2020
-$675 monthly rent with lease expiring 07/31/2021
-2020 taxes: $1,168.48
-1301 Garfield St., Emporia, KS 66801
-Built in 1951
-Ranch with a crawl space
-696 sq. ft. of finished living space
-2 bedrooms
-1 bathroom
-New windows in 2019
-Siding in 2019
-$575 monthly rent with lease expiring 08/31/2021
-2020 taxes: $969.32
-1317 Washington St., Emporia, KS 66801
-Built in 1925
-1.5-stories with a basement
-1,120 sq. ft. finished living space
-3 bedrooms
-1 bathroom
-$600 monthly rent with lease expiring 08/31/2021
-2020 taxes: $1,219.16
-1211 Grand St., Emporia, KS 66801
-Built in 1961
-Split level with a basement
-1,280 sq. ft. of finished living space
-3 bedrooms
-1.5 bathrooms
-New paint in 2019
-New roof in 2019
-$825 monthly rent with lease expiring 09/30/2021
-2020 taxes: $1,850.68
-631 Lincoln St., Emporia, KS 66801
-Built in 1925
-1.5 story bungalow with a basement
-1,246 sq. ft. of finished living space
-3 bedrooms
-2 bathrooms
-New roof in April 2020
-New windows in 2020
-New exterior paint in 2020
-Interior remodel in 2020
-$700 monthly rent with lease expiring 01/31/2022
-2020 taxes: $883.60
-Total annual income: $83,700
-Total 2020 taxes: $12,445.72
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