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918 E 7th Street - Acorn Village Apartments, Concordia, KS

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918 E 7th Street - Acorn Village Apartments

Concordia, KS 66901-3120


Property Type:Multi-Family Number of Units:24 Status:Existing Year Built:-
Stories:2 Building Size:16,800 SF Land Area:1 AC (43,560 SF)
For Sale Price:$905,000 Price/Unit:$37,708.33 Cap Rate:8.27 % GRM:7.90

Parking:-



Sale Notes:
Newly Rehabbed. Acorn Village Apartments is a beautifully Complex. Acorn enjoys 3 buildings of 8 units each nestled among hardwood trees. The residents pay their own water, electric, phone & internet directly to the utility companies. All 24 units have been remodeled and enjoying higher rents and praise from the community. There is updated insulation, added baseboard heaters (to the existing central Heat & A/C), new fixtures with CFL bulbs, many newly carpeted areas, all new paint exterior, Newly Rehabbed. 2 new durable outside storage sheds, updated kitchens with back splashes, various new tiles & entryways, and much more. The manager lives full time on site & handles maintenance, & leasing. Folks in the area say Acorn looks better than ever, and is the place to live in Concordia,Kansas! The property currently, has careful insertion of new qualified residents. Rents are under market, pro-forma show's $500 mo. a unit.

Concordia, KS is a delightful community located north of Witchita in central Kansas. It enjoys a very low unemployment and crime rate. There are a number of familiar establishments, ranging from Old Town to Walmart Supercenter, Hotels, and Chain Restaurants to very enjoyable local establishments offering the area's own unique charm and traditions. The active Chamber of Commerce promotes Acorn Village Apartments, and the local police chief lives on the same block-area. There is a School-Building kitty corner from the Apartments land tract. The area is single family residential, and has a quiet reputation, as does the town itself, with excellent schools. There are a car dealerships, golf course, hardware stores, bank(s), retail outlets, movie theaters, hospital, churches, and more all within a mile or so from Acorn Village Apartments. Some folks walk to work or the shop stores along the tree-lined lanes. All in all, a very nice place to own an attractive, pleasant Apartment Complex.

Coldwell Banker Commercial NRT
John Faire
(626) 821-1239




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