601 S 5th St - Apartments FOR SALE


Leavenworth, KS 66048
$825,000 USD
913-308-0303
601 S 5th St, Leavenworth, KS for Sale
$825,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

601 S 5th St
Leavenworth, KS 66048


HIGHLIGHTS

  • One of a kind Carnegie Library Conversion with Stunning Architectural Character
  • Loft-Style Units with 16–20 Ft Ceilings and Incredible Original Details
  • Gut Renovation in 2017 – all new mechanicals, plumbing, and electrical
  • Strong Tenant Demand for Unique Units
  • Thriving Leavenworth Submarket anchored by Fort Leavenworth military employment

OVERVIEW

Carnegie Lofts presents a once-in-a-lifetime opportunity to acquire a historic Carnegie Library converted to ten of the most incredible multifamily units in Leavenworth, Kansas. After Andrew Carnegie became the richest man in the world in 1901, he devoted his life to philanthropy including funding the construction of 1,689 libraries across the United States. Originally constructed in 1902, the building was thoughtfully converted into loft-style apartments in 2017 while preserving its architectural character, including original woodwork, mosaic tile flooring, and restored lighting fixtures. One of the units features the original ornate fireplace and all units have restored original windows, ample natural light, and blend modern amenities with timeless character. Interiors feature soaring ceilings (16–20 feet), creating a unique and rare living experience with strong tenant demand. Laundry is either in unit (4 units with hookups) or in a shared common laundry on the main floor. The all electric building is located in the thriving Leavenworth market and combines historic charm with rental appeal and income upside.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$799 USD /SF

# OF UNITS

10

PRICE/UNIT

$82,500

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carnegie Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,992 SF

ZONING

-

APN/PARCEL ID

077-36-0-20-27-002.00-0

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-308-0303

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Michelle LutzLutz Sales + InvestmentsMore Info
913-308-0303

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