The Hamilton Apartments 2506 Redbud Ln 28 Unit Apartment Building For Sale Lawrence, KS 66046
EXECUTIVE SUMMARY
Northmarq is pleased to present the opportunity to acquire The Hamilton Apartments, comprising of 28 units in one of the nation's most quintessential college towns. Lawrence is home to the University of Kansas (enrollment of 30,000 students). Constructed in 1960, The Hamilton consists of two-bedroom apartment homes averaging 890 square feet. All units were renovated in 2023. Property amenities include fully-equipped kitchens, a newly remodeled on-site laundry room, and high-speed wireless Internet. Other amenities include controlled access upon entry, hardwood floors and a private patio or balcony. The Hamilton Apartments offers investors a stabilized asset in a highly visible and easily accessible location within a very well insulated market. Licensee has an ownership interest.
PROPERTY FACTS
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 24,920 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 1.85/1,000 SF |
UNIT AMENITIES
- Storage Space
- Hardwood Floors
- Stainless Steel Appliances
- Walk-In Closets
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
- Bicycle Storage
- Maintenance on site
- Online Services
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 28 | $925.00 | 890 |
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Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 023-111-12-0-20-10-002.00-0 | Improvements Assessment | $64,885 |
| Land Assessment | $13,915 | Total Assessment | $78,800 |
ZONING
| Zoning Code | Residential |
