304 E Pancake Blvd - Apartments FOR SALE


Liberal, KS 67901 | 
$1,400,000 USD
316-243-9929
304 E Pancake Blvd, Liberal, KS for Sale
$1,400,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

304 E Pancake Blvd
Liberal, KS 67901


HIGHLIGHTS

  • Full property conversion and renovation from hotel to apartments complete in 2026.
  • Significant financial upside still available thru lease rate increases.

OVERVIEW

Pancake Flats in Liberal, Kansas is a newly renovated 23 unit multifamily investment property. Every unit was renovated in 2025/2026 with new flooring, windows, A/C units, kitchen cabinets/countertops, and new appliances. Significant upside available thru lease rate increases, currently achieving $800-$925/mo for 1bed units, studios range $590-$790/month.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

23

PRICE/UNIT

$60,870

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pancake Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

-

APN/PARCEL ID

192-04-0-30-03-002.00-0

ASK ABOUT THIS PROPERTY

Brett GehrerPetra RE Brokerage LLCMore Info
316-243-9929

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Brett GehrerPetra RE Brokerage LLCMore Info
316-243-9929

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