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 | - | - |
PROPERTY FACTS
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 |
Parking Ratio | 0.48/1,000 SF |
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 |