1965 College Heights RdManhattan, KS 66502

Property Details for 1965 College Heights Rd

Year built

1959

Property size (Sq ft)

13,130 SF

Property type

Specialty properties

Property subtype

Retirement homes

Description

This 13,130 square foot multifamily property, located at 1965 College Heights Rd, Manhattan, KS 66502, presents a unique investment opportunity. Built between 1959 and 1975, this vacant 50-unit building sits on a 24,795 square foot lot zoned RM - Medium-Density Residential. Its prime location near Kansas State University makes it ideal for student housing conversion or continued use as Greek housing. The property boasts a commercial kitchen, dining hall, numerous common areas, study halls, meeting rooms, ample storage, and a large paved parking lot. The asking price is $1,100,000, translating to $83.78 per square foot. This property offers significant potential for a savvy investor seeking a high-return multifamily asset in a thriving college town. The property's existing infrastructure, including the commercial kitchen and common areas, provides a strong foundation for immediate occupancy or renovation. Its convenient location within walking distance of Kansas State University ensures high demand and occupancy rates. This is a rare opportunity to acquire a substantial multifamily property in a desirable location with significant upside potential.

Location Insight

City

Manhattan

County

Riley

State

Kansas

Latitude

39.1895

Longitude

-96.592

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