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.