1170 Highway 14 - Apartments FOR SALE


Ellsworth, KS 67439
$850,000 USD
785-531-0160
1170 Highway 14, Ellsworth, KS for Sale
$850,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1170 Highway 14
Ellsworth, KS 67439


HIGHLIGHTS

  • Surrounding open fields provide peaceful living with beautiful sunrises and sunsets.
  • Property is all on ground-level wtih interior common area for socializing or walking laps.
  • Easy access to community walking-path that leads to downtown shopping & government offices.

OVERVIEW

Profitable 13 unit apartment property with 7 oversize garages that rent separately. In central Kansas at intersection of Hwy 156 and Hwy 14 for good traffic. Ellsworth has open jobs to attract tenants. The property being originally designed for seniors makes it attractive to those over 55 as well. Built in 1996 with recent roof and prompt mechanical repairs/upgrades. As of 4-21-25 only one 1-bed is vacant and we have an application in hand. Common area can be used by residents as well as exercise room and nearby walking path to downtown. Financial package available with NDA. Current management company willing to continue with new owner. Property has open space that could be the site for additional construction.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

13

PRICE/UNIT

$65,385

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prairie View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

PARKING SPACES

7

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

R-3

APN/PARCEL ID

089-29-0-00-00-007.03-0

ASK ABOUT THIS PROPERTY

Anita HoffhinesMillwood RealtyMore Info
785-531-0160

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Anita HoffhinesMillwood RealtyMore Info
785-531-0160

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