2703 M St - Multi-Family FOR SALE


Belleville, KS 66935
$270,000 USD
402-309-4088
2703 M St, Belleville, KS for Sale
$270,000 USD
Multi-Family - FOR SALE
1/2
null | 11.75% Cap Rate

2703 M St
Belleville, KS 66935


HIGHLIGHTS

  • Great market
  • Great cash flow
  • Huge Apartments

OVERVIEW

Great cash flow with this brick 7-plex. Originally a hospital, the apartments are unique and very large. There are three 2+ bedrooms 1.5 bathrooms, three 1+ bedrooms and a studio apartment. Four of the apartments have been recently renovated. Separately metered (Except studio) but HVAC shared and included in rent. Plenty of work to be done for the property to shine but - Great rental housing market - All leases month-to-month with below market rents - Six carports, with plenty of additional off-street parking in front - Space in the basement for an additional 1-2 bedroom apartment - Coin operated washer and dryer - Utility elevator - Onsite manager/handyman available. - Oversized lot with space for storage units. - Upon closing, we have information on additional off-market multi-family opportunities and/or storage units. Better pictures and video coming soon! FOR SALE BY OWNER - FSBO.

FOR SALE DETAILS

PRICE

$270,000 USD

PRICE/SF

$28 USD /SF

# OF UNITS

7

PRICE/UNIT

$38,571

CAP RATE

11.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ambassador Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1946

PARKING SPACES

16

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0791310203024003000

ASK ABOUT THIS PROPERTY

Jon YoachimVanguard Real EstateMore Info
402-309-4088

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Jon YoachimVanguard Real EstateMore Info
402-309-4088

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