1000 Kennedy St - Apartments FOR SALE


Norton, KS 67654
$2,500,000 USD
940-206-7223
1000 Kennedy St, Norton, KS for Sale
$2,500,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

1000 Kennedy St
Norton, KS 67654


HIGHLIGHTS

  • Opportunity to enhance returns through modernization and improved management.
  • Located near local schools and community amenities, supporting tenant demand.

OVERVIEW

This apartment complex in Norton, Kansas, offers a compelling investment opportunity in a market with steady rental demand. Built in 1980, the property spans approximately 1,638 square feet and sits on a generous 3.47-acre lot, providing ample space for parking and potential future improvements. The complex is designed in a garden-style layout and includes essential amenities such as air conditioning, heating, and full kitchens with ovens and ranges. Located in Norton County, the property benefits from its position within a community-oriented environment and proximity to local services and schools. With an average occupancy of 47%, there is significant upside potential for investors to increase revenue through operational improvements and targeted renovations. This asset is well-suited for long-term hold strategies or repositioning to meet growing housing needs in the area.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,526 USD /SF

# OF UNITS

30

PRICE/UNIT

$83,333

CAP RATE

Request Cap Rate

% LEASED

47%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prairie Hills Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.47 AC

LAND SF

151,153 SF

ZONING

-

APN/PARCEL ID

088-34-0-20-02-004.00-0

ASK ABOUT THIS PROPERTY

Naseem SadeghianKamy Real Property TrustMore Info
940-206-7223

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Naseem SadeghianKamy Real Property TrustMore Info
940-206-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.