This property is Off-Market

924 N. Topeka
El Dorado, KS 67042 ·

31 Units · Multifamily For Sale

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Price N/A Property Sub-type Mid/High-Rise
No. Units 31 Property Use Type Investment
Building Size 38,594 SF Cap Rate 10.80%
Property Type Multifamily Occupancy 94%
Listing ID: 15779269 Date Created: 06/27/2008 Last Updated: 04/23/2009

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.

Research

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

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