For Sale
$850,000

5907 21St St Topeka, KS 66604

Two-unit apartment building, high rental upside.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a two-unit apartment building located at 5907 SW 21st St, Topeka, Kansas, 66604. The property boasts a total of 10,320 square feet and currently commands a monthly rent of $3,500. However, a market rent analysis indicates a significant potential for increased revenue, with a projected monthly income of $8,550. Currently, the building has a 50% occupancy rate, presenting a clear path to boost profitability through increased occupancy. The asking price for this multifamily property is $850,000. Situated in Shawnee County, this property offers investors a chance to capitalize on the growing rental market in Topeka. The property's substantial size and potential for higher rental income make it an attractive proposition for those seeking a strong return on investment. The address is easily accessible and conveniently located within Topeka. This is a rare opportunity to acquire a well-positioned multifamily property with considerable upside potential. The property's current condition and potential for renovation or upgrades should be independently verified. Serious inquiries are encouraged.

Highlights

  • Two-unit building.
  • Current annual rent: $3,500.
  • Market rent potential: $8,550 annually.
  • 50% occupancy rate.
  • 10,320 square feet total building area.

Property Details for 5907 21St St

Property type
Apartment buildings
Square Feet
10,320 SF
Units
2

Location Insight

City
Topeka
County
Shawnee
State
Kansas
Latitude
39.0286327
Longitude
-95.7580262
5907 21St St, Topeka, Kansas

FAQs

What type of property is this?
Apartment building - Two-unit apartment building, high rental upside.
Where is the apartment building located?
The property is located at 5907 21St St Topeka, KS.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two-unit building.; Current annual rent: $3,500.; Market rent potential: $8,550 annually.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5907 21St St
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