1220 E Broadway St - Apartments FOR SALE


Newton, KS 67114
$1,150,000 USD
316-253-6915
1220 E Broadway St, Newton, KS for Sale
$1,150,000 USD
Apartments - FOR SALE
1/22
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1220 E Broadway St
Newton, KS 67114


OVERVIEW

16 unit apartment complex. -13 2/1's -12 1/1's The exterior was just fully painted, windows caulked in and sealed in the last 60 days. All exterior doors have been replaced brand new by Star Lumber Roof is in fantastic shape, no leaks 6 of the units in the last 8 months have had a full renovation, flooring, wall repairs, ceiling repairs, kitchen back splash. Units are all electric, with the exception of the "Home Unit", which does have natural gas. All units are in one water meter (water/sewer $1050.00 month) Coin operated washer and dryer for onsite laundry Basement Storage and red outbuilding shed for owners materials Letters were just sent for rent increases beginning 2/1/2026 the 3 - one-bedroom units are on a corporate lease that renews in March Walk throughs available with a bank letter stating funds for purchase are available. The owner is the property manager. Owner will pay a buyers realtor commission

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

16

PRICE/UNIT

$71,875

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

PO

APN/PARCEL ID

095-16-0-10-25-006.00-0

ASK ABOUT THIS PROPERTY

Anthony ClarkClark AnthonyMore Info
316-253-6915

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Anthony ClarkClark AnthonyMore Info
316-253-6915

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