image13

Roma Apartment Complex $325,000 Burlington, Kansas

13 rental units - 2 bedroom / 1 bath

714 N. Second Street - Burlington KS 66839

A great value add property.  Strong  income potential with proper management.

Property Description

 This is a 13 unit apartment complex. It includes one 3 story building with 12 units and 1 cottage in separate building. This complex is located within blocks of the local hospital, grocery store, local cafe, fast food, and recreation center in the quaint town of Burlington Ks.   Also located a few miles from Wolf Creek Nuclear Plant (a major employer in the area).  

Contact Victor Edelman

 

Please contact Victor Edelmand for details. 

Cell: 620-366-0339
Email: realestateve@gmail.com 

Agent notes

A great value add property.  Strong  income potential with proper management and could obtain 100% occupancy.   3 units were recently remodeled, but 3 units could be updated.   There is certainly room for improvement with upgrades and rent could be increased by $100 to $125 per unit per month.  

With proper management and upgrades, this could be a great investment opportunity for you.

Property Details

Property location

714 N. Second Street - Burlington KS 66839

Description

Multi-family investment

Apartment building - real estate

Burlington Kansas

Affordable rent

Primary building has 12 units with 11,450 square feet

2 bedroom 1 bath units with rental income of $400 to $425 per month

Secondary building features a cottage.

Built in 1971

Renovated in 2017

Individual metering

Wood frame construction

15 parking space

Laundry facilities


Financial Details

List price $325,00

GRM 5

Cap Rate 13%

NOI $42,250

Occupancy rate 75%

Actual financials from 2018 are available


Contact Victor Edelman for showing

Contact Victor Edelman | Cell: 620-366-0339 | Email: realestateve@gmail.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.