2331 S Cedar St - Apartments FOR SALE


Ottawa, KS 66067
$3,200,000 USD
785-766-6568
2331 S Cedar St, Ottawa, KS for Sale
$3,200,000 USD
Apartments - FOR SALE
1/13
null | 5.5% Cap Rate

2331 S Cedar St
Ottawa, KS 66067


HIGHLIGHTS

  • Current Cap Rate: 5.5% / Proforma Cap Rate: 11%
  • An Offering Memorandum is included.
  • Located just off the just off of the I-35 interchange

OVERVIEW

This 44 unit Multi-Family property on the south side of Ottawa is available for sale. Recently renovated, the property is just off of the I-35 interchange, in close proximity to retail and commercial services. Currently 77% occupied, the property has plenty of upside potential for an investor-owner. An Offering Memorandum is included.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

51

PRICE/UNIT

$62,745

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southgate Living Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

-

APN/PARCEL ID

136-13-0-00-02-005.00-0

ASK ABOUT THIS PROPERTY

Kirsten FloryFoundations Commercial Real EstateMore Info
785-766-6568

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Kirsten FloryFoundations Commercial Real EstateMore Info
785-766-6568

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