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Listed by Patrick Habiger • KW One Legacy Partners, LLC
$618,000
Est. payment /mo
2 Beds
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Package of Properties
Listing Status Active
Purchase Type For Sale
Subdivision Jenkin W. Morris
MLS Listing ID 246145
Style Side-by-Side
Bedrooms 2
Year Built 1940
Annual Tax Amount $1,170
Property Sub-Type Package of Properties
Source sunflower
Property Description
11-Unit Cash-Flowing Rental Portfolio – 10.5% Cap Rate – $618,000 Rare opportunity to acquire a diversified, cash-flowing rental portfolio in one transaction. This package includes 11 units across a mix of single family homes and duplexes, spread across established Topeka neighborhoods, delivering a 10.5% cap rate. Included Properties: 534 NE Grattan St 536 NE Grattan St 538 NE Grattan St 309 NE Twiss Ave 1232 NW Jackson Ave 3309 SE Indiana Ave 940 & 942 NE Poplar St (duplex) 1724 SE Pennsylvania Ave Up 1724 SE Pennsylvania Ave Down 1523 SW Western 9 of the 11 units are currently occupied and producing rental income, with 2 vacant units offering immediate upside for an incoming investor to set rents at market rate. Ideal for investors looking to scale a rental portfolio in established Topeka neighborhoods. Sold as a package at $618,000.
Location
State KS
County Shawnee County
Direction Sardou to Rec Center - turn left on Poplar
Interior
Fireplace No
Building
Faces Sardou to Rec Center - turn left on Poplar
Architectural Style Side-by-Side
Schools
Elementary Schools State Street Elementary School/Usd 501
Middle Schools Chase Middle School/Usd 501
High Schools Highland Park High School/Usd 501
Others
Tax ID R21244
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