183 Indian Lakes Dr - Apartments FOR SALE


Clearwater, KS 67026
$799,000 USD
316-867-3600
183 Indian Lakes Dr, Clearwater, KS for Sale
$799,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

183 Indian Lakes Dr
Clearwater, KS 67026


OVERVIEW

RARE OPPORTUNITY to acquire 6 individual duplex units being sold as a package in the highly desirable Clearwater, KS school district. Located within city limits near shopping, schools, and everyday amenities, this investment offers strong rental appeal in a sought-after community. Because of this, tenant turnover is likely to be very low. Five of the six units are currently leased, providing immediate income, with rents as follows: • 3 units at $1,295/month • 2 units at $1,195/month The only vacant unit is 183 N. Indian Lakes Rd Each unit is approximately 1,050 sq ft and features a well-designed, open-concept layout with 3 bedrooms and 2 full bathrooms. Interior features include: • Spacious open floor plans • Kitchens with large islands, granite countertops, and stainless-steel appliances • All kitchen appliances remain and transfer to new buyer, including refrigerator, range/oven, dishwasher, and microwave • Primary suite with private full bath and generous closet space • Two additional bedrooms with ample closet storage • Second full bath with built-in linen/storage niches • Washer/dryer hookups • Slab construction (no basement) for low maintenance Exterior features include: • 1-car attached garage for each unit • Additional driveway and street parking • Units connected at garage walls for added privacy and sound buffering • Covered front porches with attractive cedar posts • Sod and sprinkler systems currently being installed Each unit has its own legal description and has already been split. All units are being sold together as one package. These well-maintained, high-quality units in a prime location make an excellent addition to any investment portfolio. All information deemed reliable but not guaranteed. Buyers and agents should confirm all information pertinent to them.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

6

PRICE/UNIT

$133,167

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Duplex Units at Indian Ridge, Clearwater KS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,380 SF

ZONING

R

APN/PARCEL ID

266-24-0-33-07-008.00,266-24-0-33-07-011.00

ASK ABOUT THIS PROPERTY

Braden McCurdyMcCurdy Real Estate & AuctionMore Info
316-867-3600

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Braden McCurdyMcCurdy Real Estate & AuctionMore Info
316-867-3600

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