For Sale
$1,600,000

500 2Nd St Abilene, KS 67410

High-Yield 27-Unit Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional mixed-use property, located at 500 NW 2nd St, Abilene, Kansas 67410, presents a compelling investment opportunity. The property consists of a three-story, 27-unit apartment building known as Chisholm Apartments, built in 1998. Each unit boasts 600 square feet, featuring one bedroom and one bathroom. Currently operating at 100% occupancy, this building offers immediate and substantial cash flow. The masonry brick construction ensures durability and low maintenance. Residents enjoy the convenience of a spacious parking lot and an underground sprinkler system. The landlord covers water, trash, and electricity for the common laundry area, while tenants are responsible for their individual electric bills. A significant revenue stream is generated from the coin-operated laundry facilities, which are owned by the landlord. The property sits on a 0.52-acre lot. The asking price for this turnkey investment is $1,600,000. This property offers a stable income stream in a desirable location, making it an ideal addition to any real estate portfolio. The property's strong occupancy rate and established revenue streams make it a particularly attractive investment.

Highlights

  • Turnkey investment opportunity: 27-unit apartment building in Abilene, Kansas.
  • Three-story, 1998 construction, masonry brick building.
  • Each unit is 600 sq ft, 1 bed/1 bath, currently 100% occupied.
  • 0.52-acre lot with ample parking and underground sprinklers.
  • $1,600,000 asking price; strong cash flow from high occupancy and coin-operated laundry.

Property Details for 500 2Nd St

Property type
Mixed-use properties

Location Insight

City
Abilene
County
20041
State
Kansas
Latitude
38.9165876
Longitude
-97.2185514

FAQs

What type of property is this?
Mixed-use property - High-Yield 27-Unit Apartment Building
Where is the mixed-use property located?
The property is located at 500 2Nd St Abilene, KS.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Turnkey investment opportunity: 27-unit apartment building in Abilene, Kansas.; Three-story, 1998 construction, masonry brick building.; Each unit is 600 sq ft, 1 bed/1 bath, currently 100% occupied.
How can I contact the broker?
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500 2Nd St
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