Historical Multifamily Sale Listing - JCI Rentals

Multifamily For Sale

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JCI Rentals

924 N. Topeka, El Dorado, KS 67042

N/A

31 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
31
Building Size:
38,594 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
10.80%
Occupancy:
94%
Listing ID
15779269
Last Updated
over 1 year ago

Description

31 units with space for 8-10 additional apartments

6 studios, 11 one bdrms, 9 two bdrms, 5 three bdrms

All utilities paid (including cable)

Refrigerator and stove provided

94% occupancy up through May 31st

6 apartments currently being upgraded

New, state-of-the-art fire alarm system installed in November, 2007

New boiler installed in 1999

New hot water system installed in 1995

3 of the 5 flat roofs were completely redone in 2008 (10 year warranty)

Building is built very well (6" of steel & concrete between each floor)

Practically fireproof

Building's structure is "most insurable property in Butler County" according to previous insurance agents

Option for current owner to offer building maintenance consulting for up to 6 months after sale

Option for current management to continue for up to 90 days after sale

Owner may carry with 35% down

North on Taylor off 6th street in El Dorado, Ks.

Map of 924 N. Topeka, El Dorado, KS 67042 (Butler County)

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Created 6/27/2008