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11 N Walnut St 12 Unit Apartment Building $1,100,000 ($91,667/Unit) Iola, KS 66749



Investment Highlights
- Newly remodeled, high demand, college town, tenant paid utilities, tax rebate for 10 years, laundry mat income.
Executive Summary
Prime Investment Opportunity.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,100,000 | Building Class | B |
| Price Per Unit | $91,667 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 11,661 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1939/2025 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Price | $1,100,000 |
| Price Per Unit | $91,667 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 11,661 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1939/2025 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $850.00 | 670 |
| 1+1 | 1 | $675.00 | 670 |
| Studios | 8 | $650.00 | 670 |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 077-26-0-30-53-002.00-0 | Total Assessment | $29,027 (2025) |
| Land Assessment | $711 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $28,316 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
077-26-0-30-53-002.00-0
Land Assessment
$711 (2025)
Improvements Assessment
$28,316 (2025)
Total Assessment
$29,027 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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11 N Walnut St
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