For Sale
$385,000

412-414 Long Path Ct Goddard, KS 67052

Two-unit, Class A duplexes, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents two brand-new, Class A duplexes located at 412-414 W Long Path Ct, Goddard, KS 67052. Built in 2024, each unit boasts 1376 square feet of living space, featuring four bedrooms, two full bathrooms, and a two-car garage. High-end finishes include luxury vinyl plank flooring, nine-foot ceilings with a vaulted living area, upgraded appliances, a 22-square-foot walk-in pantry, and quartz countertops in the kitchen and bathrooms. The exterior features an east-facing backyard providing ample sunlight and shade. The property sits on a 10,018-square-foot lot and is conveniently located near the Sunset Prairie Bike Walk Trail, neighborhood parks, and ponds. Goddard public elementary and intermediate schools are within walking distance, while Goddard Middle and High School are just 1.5 miles away. The property's prime location is only one mile south of Kellogg US 54/KS 400, providing easy access to commercial amenities. The HOA manages lawn maintenance, mowing, sprinklers, and wells, minimizing owner responsibilities. The total square footage is 2,752, with a current NOI of $43,200 and a pro-forma NOI of $26,700. The asking price is $385,000, representing a 7.00% cap rate and a pro-forma cap rate of 6.94%. Each unit currently rents for $1,800-$1,850 per month. This is an ideal investment for those seeking high-quality properties in a high-demand area with low maintenance and a strong return on investment. The permitted zoning is multifamily.

Highlights

  • Seven brand-new duplex buildings available for sale, individually or as a portfolio.
  • Each duplex unit commands monthly rents of $1,800-$1,850, ideal for investors seeking high-demand, low-maintenance properties.
  • Individual duplex halves are priced at $205,000 each, representing a potential resale value of $237,500.
  • Low operating expenses projected for the first two years.

Property Details for 412-414 Long Path Ct

Property type
Commercial real estate
Square Feet
2,752 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Units
2

Location Insight

City
Goddard
County
Sedgwick
State
Kansas
Latitude
37.651992
Longitude
-97.586422
412-414 Long Path Ct, Goddard, Kansas

FAQs

What type of property is this?
Commercial real estate - Two-unit, Class A duplexes, high ROI.
Where is the commercial real estate located?
The property is located at 412-414 Long Path Ct Goddard, KS.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Seven brand-new duplex buildings available for sale, individually or as a portfolio.; Each duplex unit commands monthly rents of $1,800-$1,850, ideal for investors seeking high-demand, low-maintenance properties.; Individual duplex halves are priced at $205,000 each, representing a potential resale value of $237,500.
How can I contact the broker?
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412-414 Long Path Ct
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