1214 Vattier StManhattan, KS 66502

This exceptional investment opportunity presents a fully leased, 12-unit apartment building in Manhattan, Kansas. The property, built in 1984 and extensively renovated in 2022, boasts a strong NOI of $14,050 per month, resulting in a 0.92% cap rate. All twelve units are currently occupied, with leases extending into 2025, providing a stable and reliable income stream. Eleven units offer three bedrooms and 1.5 bathrooms, while one unit features two bedrooms and one bathroom. The building features a unique wooden deck walkway across the front, enhancing curb appeal. Ample off-street parking is available for all tenants. The property is situated in a desirable neighborhood, conveniently located near the campus, attracting a consistent tenant base. The building is a three-story, all-brick structure, showcasing a blend of classic architecture and modern amenities. Recent improvements include a new roof and new HVAC units in four of the apartments, presenting potential for further value enhancement. The property is zoned for commercial use and is currently owner-operated. This stabilized investment offers a compelling opportunity for a secure and profitable return. The asking price is $1,450,000.