4-Plex Apartment Complex, Smith Center, Ks Sold

  • $98,500
  • 7 beds
  • 4 baths
  • 3,648 sqft

WELL MAINTAINED & Good Cash flow! 4 Plex multi-unit apartment complex. Featuring 3 spacious Two bedroom units and 1 spacious One bedroom unit, each unit it approximately 600 sq.ft of living space, the kitchens (10×7) all open up to the dining area and living room, large living room (15×12), large bedrooms (13×11) & (11×10), full bathroom (tub/shower), five private storage closets(5×6), stove, refrigerator, dishwasher, central heat and air, covered parking, and a common laundry facility.

This property is currently only a long term rental property. You may also want to consider renting one or more units on a short term basis. The Airbnb App has become very popular with travelers looking to stay outside of a hotel or motel. This could be another stream of income to consider that could increase your monthly income on the property.

Click below on the financial icon for more information on this low maintenance income producing apartment complex with a phenomenal 16% CAP Rate!!

Contact Shawn Phelps for all the details on this property at 785-282-4024

Price:
$98,500
Address:
404 W. Third
Smith Center, Kansas 66967
Square Feet:
3,648
Lot Size:
127x130
Bedrooms:
7
Bathrooms:
4
Terms:
For Sale
Property Type:
Apartment
Year Built:
1980
Basement:
Finished Full
Const. Type:
Wood Frame

Additional Features

2018 Property Taxes: $2,789.00 Exterior Painted in July 2018, New Roof in July 2018, New Gutters in July 2018, Carrier AC units replaced in 2015 and 2017, Payne Gas Furnaces replaced in 2015, Late model hot water tanks (5), Newer carpet in 2 of the units, Private Storage closets for each tenant (5), stove, refrigerator, dishwasher, kitchen pantry, central vac, common laundry facility, two units upstairs and two units downstairs, each unit is approximately 600 sq. ft, large corner lot location, covered parking stalls (5), two storage sheds, non-smoking, no pets allowed, high demand for rentals in Smith Center, a new manufacturing business will be coming to town in 2019, a new hospital was built in 2018

Call 785-282-4024 for more details

Property Location

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