205 S School Ave - Apartments FOR SALE


Mahaska, KS 66955
$75,000 USD
816-520-3948
205 S School Ave, Mahaska, KS for Sale
$75,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

205 S School Ave
Mahaska, KS 66955


HIGHLIGHTS

  • Distress sale, use HTCs for a TLC refresh.

OVERVIEW

Very Small town. eligible for Historic Tax Credits - needs about $150k of renovation to get 12 units back on line, so about half of that would be covered with 20% Fed and 40% State historic credits. the key to this property is to be able to lease in a very rural market - or, set up as a very remote Airbnb getaway, or a hunting lodge. do not call unless you have read this.

FOR SALE DETAILS

PRICE

$75,000 USD

PRICE/SF

$2 USD /SF

# OF UNITS

12

PRICE/UNIT

$6,250

CAP RATE

Request Cap Rate

% LEASED

1%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mahaska Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

-

APN/PARCEL ID

0530701005001000

ASK ABOUT THIS PROPERTY

Steven FoutchFoutch BrothersMore Info
816-520-3948

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Steven FoutchFoutch BrothersMore Info
816-520-3948

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