501 Main St - Multi-Family FOR SALE


La Crosse, KS 67548
$550,000 USD
317-371-1321
501 Main St, La Crosse, KS for Sale
$550,000 USD
Multi-Family - FOR SALE
1/5
null | 10% Cap Rate

501 Main St
La Crosse, KS 67548


HIGHLIGHTS

  • Newly Renovated Units
  • New Plumbing and Electrical

OVERVIEW

Exceptional Stabilized Investment Opportunity in Central Kansas 17 Units - Thoroughly renovated in 2026 Well-built &-maintained 17-unit multifamily asset located 30 minutes south of a large university, Fort Hays State, with an enrollment of over 14,000 students On-site maintenance technician and leasing agent living nearby. Unit mix of sixteen (16) studio units and one (1) one-bedroom / one-bath unit Functional floor plans, ample on-site parking, and a laundry room to provide the owner with additional income. New Electrical and Plumbing systems Value-add potential through a targeted repositioning strategy towards Section 8 and furnished rentals Projections indicate the opportunity to immediately operate at a 10% cap rate and 18% cash on cash return

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

17

PRICE/UNIT

$32,353

CAP RATE

10%

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

501 Main St

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,833 SF

ZONING

-

APN/PARCEL ID

088-33-0-40-21-006.00-0

ASK ABOUT THIS PROPERTY

Trevor MillerSkylight RealtyMore Info
317-371-1321

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Trevor MillerSkylight RealtyMore Info
317-371-1321

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