Rustling Pines Lodge | 2010 E 8th St
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Rustling Pines Lodge 2010 E 8th St
20 Unit Apartment Building $425,000 ($21,250/Unit) 12% Cap Rate Hays, KS 67601
Investment Highlights
- Edge of town location
- New Roofs
- Value Add Potential
- Great Monthly Cash Flow
Executive Summary
Great 20 unit apartment complex located at 8th & Canterbury in Hays KS. Excellent cash flows with historically low Vacancy Rates makes for a profitable combination. Additional build out for 3 more units is an option to bring total units to 23. New roofs recently installed on both buildings. Reach out to Listing Agent for more info, Trevyn Wolf 785-422-5155
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $425,000 | Property Subtype | Apartment |
| Price Per Unit | $21,250 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 12% | Lot Size | 1.30 AC |
| Gross Rent Multiplier | 3.5 | Building Size | 7,134 SF |
| No. Units | 20 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1941/2018 |
| Price | $425,000 |
| Price Per Unit | $21,250 |
| Sale Type | Investment |
| Cap Rate | 12% |
| Gross Rent Multiplier | 3.5 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 7,134 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1941/2018 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 181-02-0-30-03-002.00 | Improvements Assessment | $23,630 (2024) |
| Land Assessment | $3,591 (2024) | Total Assessment | $27,221 (2024) |
PROPERTY TAXES
Parcel Number
181-02-0-30-03-002.00
Land Assessment
$3,591 (2024)
Improvements Assessment
$23,630 (2024)
Total Assessment
$27,221 (2024)
zoning
| Zoning Code | Commercial |
| Commercial |
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Rustling Pines Lodge | 2010 E 8th St
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