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614-616 Cherokee St

8 Unit Apartment Building $650,000 ($81,250/Unit) 8.41% Cap Rate Leavenworth, KS 66048

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Investment Highlights

Downtown Leavenworth Location
1500 SF retail space on street front with long time tenant

Beautifully maintained furnished units

Executive Summary

Discover a compelling investment opportunity at 614/616 Cherokee St, Leavenworth, KS. This mixed use property
features 7 residential units and a 1,500 SF commercial space, offering a diverse income stream. With a two-story back
deck, off-street parking, and a backlog of lease applications, this mixed-use asset is primed for ongoing success.
Situated in a prime location, this property provides an attractive opportunity in the vibrant Leavenworth area, ensuring
strong demand and long-term value potential.

First City Lofts Sales Brochure

Offering Memorandum

Property Facts

Price	$650,000	Building Class	B
Price Per Unit	$81,250	Lot Size	0.14 AC
Sale Type	Investment	Building Size	7,475 SF
Cap Rate	8.41%	Average Occupancy	100%
No. Units	8	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1863/2005
Property Subtype	Apartment General Retail Storefront Retail/Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$650,000
Price Per Unit	$81,250
Sale Type	Investment
Cap Rate	8.41%
No. Units	8
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low Rise
Building Class	B
Lot Size	0.14 AC
Building Size	7,475 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1863/2005
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.