1407 Center St
Emporia, KS 66801

Agent notes: Regent Court Apartments are modern residential housing. Attractive two and three story buildings with front door parking. Extremely well maintained, modern construction, easy to manage, and profitable. Includes all appliances and fully furnished laundry center - everything you need to be profitable quickly. Great turnkey operation with 99% occupancy year round for the last seven years. 99% occupancy rates indicate strong housing demands and below market rental rates, so there is a potential for increased rental rates and revenues. Property Description: Regent Court Apartments have been designed for comfortable living with all modern amenities, spacious floor plan, and a convenient location. The complex is located one block west of Emporia State University and blocks from a thriving downtown Emporia. Each apartment has been designed to provide comfort, convenience, and modern living with all standard amenities. • Multi-family Investment Property • Affordable rent in a growing community • Each unit has 750 square feet • Individual electric metering • Built in 1986 and 1987 - Modern and Clean • Wood frame construction • Landlord pays water and trash. Exterior: This complex consists of 4 buildings total and 35 total units. Buildings A, B, and C are attractive two story buildings with 8 apartments each, while Building D is three stories with 11 rental units and the newly remodeled laundry center. Each unit has front door parking and a spacious patio or deck area for enjoying the outdoors or barbecues. The complex has attractive landscaping throughout with sprinklers to ensure the grass is always well cared for and parking for up to 60 vehicles. Current Revenue: Rent is $550 per unit with 35 units. Strong cash flow. Great turnkey operation with 99% occupancy year round (based upon the last 7 years). Price includes everything that you need to operate and manage this property for maximum return on investment. Operational upside: The organic rent growth at the property is nearly 4%. The current owner is not focused on increasing rents, rather the focus has been on maintaining a high occupancy (99.1%). This proves that there is additional room for further growth by improving the operations at the property. Built in 1986 and 1987 - Clean, modern, and easy to maintain • Extremely well maintained, modern construction, easy to manage, and profitable. • Includes all appliances (stove and refrigerator) and coin operated laundry center. • A great opportunity for investing in a growing progressive town with strong and predictable income.