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620-275-7440
MBA Real Estate
1502 E Fulton St, Garden City, KS 67846
- $1,445,000
- 10,816
- SqFt
Listing courtesy of Nexthome Dana Trahern Realty
- List Price
- $1,445,000
- Status
- ACTIVE
- MLS#
- 13939
- Subtype
- Commercial Sale
- Year Built
- 1986
- Living Area
- 10,816
- Lot Size
- 26,986
- Acres
- 0.62
- MLS Area Major
- Out of Town
Property Description
28-Unit Efficiency Apartment Complex. Turnkey investment with upside potential. 8% Cap Rate. Located in the steadily growing community of Garden City, this fully operational 28-unit multifamily property offers strong rental demand and stable income. Originally built in 1986 and renovated in 2019, the complex includes: 25 studio units, 1 large studio, 1 one-bedroom unit, 1 three-bedroom unit. Each unit is equipped with a gas range and refrigerator, with most featuring a dishwasher. Tenants enjoy the comfort of PTAC heating/cooling systems, and the property is secured with surveillance cameras and a fire sprinkler system throughout. Low vacancy rate in a high-demand rental market. Owner-paid utilities. Onsite laundry and mail delivery. Whether you're expanding your portfolio or diving into multifamily real estate, this cash-flowing property is ready to go!
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Additional Information
- Flooring
- Carpet, Tile
- Levels
- One, Two
- Roof
- Metal
- Parking Features
- Parking Lot
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