1801 Anderson Ave Manhattan, KS 66502

This exceptional investment opportunity presents a four-unit multifamily property ideally situated across from Kansas State University in Manhattan, Kansas. The property comprises two buildings on a sizable 16,370 square foot lot. One building is a ranch-style duplex with a basement, offering five bedrooms currently rented at $450 per bedroom, utilities included. The second building, a two-story structure on a corner lot, is currently used for church meetings and includes a one-bedroom basement apartment. This corner building presents significant rental upside potential, with estimated monthly rental income ranging from $2,500 to $3,000. The property is currently church-owned, resulting in significantly reduced property taxes due to its non-profit status. This presents a unique advantage for potential buyers. The asking price is $590,000. Note that four additional houses along Anderson Avenue are also available for purchase for a total of $1,050,000, offering substantial potential for future redevelopment into condos, townhomes, or apartments. The property is zoned MF (Multifamily). This presents a compelling opportunity for investors seeking a strong return on investment in a prime location near a major university. The property's current income stream, combined with its redevelopment potential, makes it an attractive proposition for both experienced and emerging investors.