1502 E Fulton St - Apartments FOR SALE


Garden City, KS 67846
$1,750,000 USD
620-356-1045
1502 E Fulton St, Garden City, KS for Sale
$1,750,000 USD
Apartments - FOR SALE
1/20
null | 7.97% Cap Rate

1502 E Fulton St
Garden City, KS 67846


OVERVIEW

28-Unit Efficiency Apartment Complex. Turnkey investment with upside potential. 7.97% Cap Rate. Located in the steadily growing community of Garden City, this fully operational 28-unit multifamily property offers strong rental demand and stable income. Originally built in 1986 and renovated in 2019, the complex includes: 25 studio units, 1 large studio, 1 one-bedroom unit, 1 three-bedroom unit. Each unit is equipped with a gas range and refrigerator, with most featuring a dishwasher. Tenants enjoy the comfort of PTAC heating/cooling systems, and the property is secured with surveillance cameras and a fire sprinkler system throughout. Low vacancy rate in a high-demand rental market. Owner-paid utilities. Onsite laundry and mail delivery. Whether you're expanding your portfolio or diving into multifamily real estate, this cash-flowing property is ready to go!

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

28

PRICE/UNIT

$62,500

CAP RATE

7.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

C2

APN/PARCEL ID

274-17-0-40-09-003.00-0

ASK ABOUT THIS PROPERTY

Jessica WillimonNextHome Dana Trahern RealtyMore Info
620-356-1045

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Jessica WillimonNextHome Dana Trahern RealtyMore Info
620-356-1045

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