500 NW 2nd St
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500 NW 2nd St
27 Unit Apartment Building $1,600,000 ($59,259/Unit) Abilene, KS 67410
Investment Highlights
- Located in Historic Abilene Kansas
- 100% Occupancy
Executive Summary
Seize this chance to invest in a well-established property with Chisholm Apartments, a 3-story, 27-unit masonry brick apartment building that is 100% occupied. Built in 1998, this property features 600 sqft units with 1 bedroom and 1 bath. It includes an underground sprinkler system and a spacious parking lot for residents.
Tenants are responsible for their electric bills, while the landlord covers water, trash, and electricity for the common laundry area. The laundry facilities include coin-operated machines owned by the landlord, providing an additional revenue stream.
This property offers a fantastic turn-key investment opportunity, generating stable income in a desirable location. Don’t miss out on the chance to expand your real estate portfolio!
For more information or to schedule a viewing, please contact us today!
Tenants are responsible for their electric bills, while the landlord covers water, trash, and electricity for the common laundry area. The laundry facilities include coin-operated machines owned by the landlord, providing an additional revenue stream.
This property offers a fantastic turn-key investment opportunity, generating stable income in a desirable location. Don’t miss out on the chance to expand your real estate portfolio!
For more information or to schedule a viewing, please contact us today!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$146,932
|
$6.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$146,932
|
$6.48
|
| Taxes |
$5,557
|
$0.24
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,557
|
$0.24
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $146,932 |
| Annual Per SF | $6.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $146,932 |
| Annual Per SF | $6.48 |
| Taxes | |
|---|---|
| Annual | $5,557 |
| Annual Per SF | $0.24 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,557 |
| Annual Per SF | $0.24 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $59,259 | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 22,692 SF |
| No. Units | 27 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1998 |
| Price | $1,600,000 |
| Price Per Unit | $59,259 |
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 22,692 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1998 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 27 | $517.50 | 600 |
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PROPERTY TAXES
| Parcel Number | 115-16-0-30-35-007.02-0 | Total Assessment | $36,318 (2024) |
| Land Assessment | $2,991 (2024) | Annual Taxes | $5,557 ($0.24/SF) |
| Improvements Assessment | $33,327 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
115-16-0-30-35-007.02-0
Land Assessment
$2,991 (2024)
Improvements Assessment
$33,327 (2024)
Total Assessment
$36,318 (2024)
Annual Taxes
$5,557 ($0.24/SF)
Tax Year
2023
-
Brice Bowers - Bowers Land And Home Realty LLC
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Bowers Land And Home Realty LLC
500 NW 2nd St
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