1401 Main St Stockton, KS 67669

This single-story, 4,584 square foot apartment building in Stockton, Kansas, presents a compelling investment opportunity. Built in 1955 and extensively renovated between 2016 and 2020, the property boasts a strong net operating income (NOI) of $105,400, resulting in a remarkable 40.69% capitalization rate. The asking price is $259,000, translating to $56.50 per square foot. Situated on a one-acre lot at 1401 Main St, 67669, the building offers ample parking with 20 spaces available. The property features a total of 4,584 square feet of net rentable space and is currently vacant, with an occupancy date of December 1st, 2024. The building's 8-foot ceilings and updated features contribute to its appeal. This owner-user investment presents a rare chance to acquire a high-return property in a desirable location. The property's strong financial performance and recent renovations make it an attractive option for investors seeking significant returns. The building's location in Stockton, Kansas offers a unique opportunity for a savvy investor.