4725 Topeka BlvdTopeka, KS 66609

Property Details for 4725 Topeka Blvd

Year built

1960

Lot size

2.35 AC

Property size (Sq ft)

2,448 SF

Zone code

I1

Property type

Motels

APN

147-25-0-10-01-007.00

APU

147250100100700

Description

Sycamore Acres, located at 4725 SW Topeka Blvd in Topeka, Kansas, presents a unique investment opportunity. This established business combines a thriving 30-lot RV park with 12 income-generating apartments. The RV park boasts metered electric service billed directly to campers, ensuring efficient utility management. Public water and sewer connections simplify operations, while natural gas conveniently supplies the apartments and laundry room. Modern amenities include cable television, Wi-Fi access, and ample extra parking for residents and guests. The property features recently updated exteriors, including new siding and roofing on the apartments and manager's quarters, reflecting a commitment to ongoing maintenance and property value enhancement. This turnkey operation offers a blend of diverse income streams, providing a solid foundation for a strong return on investment. The property is priced at $500,000 and presents a compelling opportunity for an investor seeking a well-established and profitable commercial venture in a convenient Topeka location. The existing infrastructure and modern amenities minimize operational overhead, making this a low-maintenance, high-reward investment. The combination of RV park and apartment rentals provides a diversified income stream, mitigating risk and maximizing potential profits. This is an exceptional opportunity to acquire a turnkey business with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $467,894

  6.5%

  $431,902

  7%

  $401,052

• Comparable approach

  Method

  Valuation

  Relative Method

  $411,498

  Geo Method

  $411,498

• Alternative Use

  Use

  Valuation

  Residential

  $471,512

  Hospitality

  $431,902

  Educational

  $359,338

  Medical

  $371,696

  Retail

  $558,970

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

38.981

Longitude

-95.6886

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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