11 N Walnut St - Apartments FOR SALE


Iola, KS 66749
$680,000 USD
580-304-9109
11 N Walnut St, Iola, KS for Sale
$680,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

11 N Walnut St
Iola, KS 66749


HIGHLIGHTS

  • Iola, KS
  • Walking distance from historical town square
  • Property is subject to a tax rebate for the next 10 years

OVERVIEW

This newly remodeled 12-unit apartment building presents an excellent investment opportunity in Iola, Kansas. Conveniently located with easy access to local employers, schools, and amenities, the property offers stable rental demand and strong long-term potential. The building features twelve efficiently designed units that provide comfortable living space for tenants. The property has been updated from top to bottom and offers reliable income with opportunity for value-add improvements through rent optimization. This property is also subject to a tax rebate for the next ten years. Additional highlights include ample parking, a manageable footprint for hands-on or passive investors, and a location well-suited for long-term tenancy. With Iola’s steady rental market, junior college, and small-town appeal, this property is ideal for investors seeking dependable cash flow in a growing regional market. Whether you are a seasoned investor or looking to expand your portfolio, this 12-unit apartment complex offers a solid foundation with upside potential. For additional financial details, rent roll information, or to schedule a private showing, contact Ben Jacks with Midwest Land Group at 580.304.9109 or bjacks@midwestlandgroup.com.

FOR SALE DETAILS

PRICE

$680,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

12

PRICE/UNIT

$56,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,202 SF

ZONING

-

APN/PARCEL ID

077-26-0-30-53-002.00-0

ASK ABOUT THIS PROPERTY

Ben JacksMidwest Land GroupMore Info
580-304-9109

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Ben JacksMidwest Land GroupMore Info
580-304-9109

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