2007 Mission AveTopeka, KS 66604
- Apartment buildings
- 1.02 AC
Property Details for 2007 Mission Ave
- Year built
- 1960
- Lot size
- 1.02 AC
- Property type
- Apartment buildings
Description
This well-located Topeka, Kansas multifamily property offers a compelling investment opportunity. The 36-unit apartment complex, situated on a 1.02-acre lot at 2007 SW Mission Ave, boasts 24,455 square feet of net rentable space across three, two-story buildings. Built in 1960 and extensively renovated in 2021, the property currently enjoys a 90% occupancy rate. Recent capital improvements include the replacement of all windows and roofs. The property features on-site laundry and a 100% utility pass-through to tenants. A significant rent premium is achievable, presenting a clear path to increased profitability. The property's Class C designation and strong operational upside make it an attractive acquisition for investors seeking both short-term and long-term capital appreciation. The property is offered as a fee simple sale, and non-recourse structured finance options have been identified. This is a turnkey opportunity with potential for immediate cash flow and future value enhancement. Located near SW Gage Blvd and West 21st Street in Shawnee County, zip code 66604, this property benefits from a convenient location.
Location Insight
- City
- Topeka
- County
- Shawnee
- State
- Kansas
- Latitude
- 39.0309
- Longitude
- -95.7265
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].