Listing ID624995
Price$799,000
StatusActive
SqFt
7,200
CountyCowley
Year Built1916
Property TypeCommercial
Property Sub TypeOther
Exceptional investment opportunity: a premium 14-unit apartment complex with a commercial lease on the ground floor. This property offers a perfect blend of residential and commercial space, making it an ideal choice for investors seeking steady rental income and potential business opportunities. Extremely low maintenance. Unit breakdown: 4 units - 1 bedroom, 1 bathroom 8 units - 2 bedrooms, 1 bathroom 1 unit - 2 bedrooms, 1.5 bathroom 1 unit - currently leased and used by commercial tenant Property highlights: 1. Prime location: conveniently located near the city's arterial intersection of 9th (HWY 160) and Main (HWY 77) 2. Income potential: The combination of residential units, commercial lease and covered parking spaces provides a diverse revenue stream and potential for long-term profitability. 3. Attractive Design: The complex features a non-combustible masonry structure - favorable for a cost-effective insurance policy 4. Covered parking garage with ample space for tenants and an additional revenue stream. Don't miss this opportunity to own both commercial and residential property in a great location.
Year Built
1916
Zoning
See Remarks
Approximate Max Contiguous SqFt
1720
Approximate Min Available SqFt
7200
Approximate Net Rentable SqFt
7200
Approximate Vacant SqFt
1000
Building Size SqFt
5,001 - 10,000
Cooling
Central Air
Floors
Other/See Remarks
Heating
Electric
Number of Stories
4
Sidewall Height
11 Ft to 13 Ft
Area
SCKMLS
Location
Central Business District, Corner Lot, Freestanding
Parcel ID
0181782801026008000
Rail
None
Building on Leased Land
no
Electrical
220 Volt
Legal
WINFIELD, TOWNSITE OF , BLOCK 148 , Lot 16 - 18
Miscellaneous Features
Elevator, Fire Escape
Ownership
Individual
Present Use of Building
comm/apart
Utilities Available
Gas, Electric, City Water, City Sewer
Flood Insurance
Unknown
General Property Taxes
7000
General Tax Year
2022
Investment Package Available
No
Owner Paid Expenses
Gas, Real Estate Taxes, Site Maintenance, Trash, Water
Sale/Lease
Sale
Sale/Rent
For Sale
Special Tax Year
2022
Tenant Paid Expenses
Electricity
Terms Of Lease
Other/See Remarks
Construction
Brick Veneer
Land SqFt
10500
Loading Dock
None
Overhead Doors
None
Parking
Parking Area, Street Parking, Parking to 10, Parking Garage, Paved
Road Frontage
City Arterial
Roof
Asphalt
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the South Central Kansas MLS, Inc. and includes listings held by other brokerage firms. All information deemed reliable, but not guaranteed, and should be independently verified. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. All properties subject to prior sale, change, or withdrawal. Neither listings broker(s) nor Sundgren Realty, Inc. shall be responsible for typographical errors, misinformation, misprints, and shall be held totally harmless. Listing information is provided for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. © 2023 South Central Kansas MLS, Inc. All rights reserved. Listing courtesy of ALBRIGHT REALTY. Data last updated: Sunday, May 28th, 2023.
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Contact - Listing ID 624995
Sundgren Realty
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