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116 N 3rd St 2 Unit Apartment Building Offered at $425,000 at a 3.53% Cap Rate Burlington, KS 66839
Executive Summary
Welcome to Hunters Lodge Suites C & D, an exceptional, fully operational turnkey investment opportunity in Burlington, KS. This premier short-term rental features two separate income-producing units with private entrances and is being offered completely furnished—including all furniture, decor, appliances, and operational essentials—allowing you to generate immediate income. The property consists of a spacious 3-bedroom, 1.5-bath suite and a separate 1-bedroom studio suite, offering the ultimate flexibility to rent both units simultaneously, live in one while leasing the other, or accommodate diverse guest needs. Completely renovated into a lodge-inspired retreat, this property has earned Airbnb's "Guest Favorite" designation and outstanding reviews. Located near John Redmond Reservoir, the property enjoys consistent year-round demand driven by trophy whitetail, turkey, and waterfowl hunting, as well as boating, camping, and premier catfish fishing. It is perfectly suited for outdoor enthusiast groups, family gatherings, and business travelers. An additional competitive advantage is its proximity to the Wolf Creek Generating Station. Scheduled refueling and maintenance outages bring hundreds of contractors to the area annually, creating strong demand for extended-stay lodging. Opportunities like this are rare. With two distinct units, multiple revenue streams, an established reputation, and a proven turnkey operation, this is one of Coffey County's most distinctive hospitality properties.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 115 | - | - |
| 2+1 | 116 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 137-26-0-20-16-001.00-0 | Improvements Assessment | $8,252 |
| Land Assessment | $809 | Total Assessment | $9,061 |
Property Taxes
Parcel Number
137-26-0-20-16-001.00-0
Land Assessment
$809
Improvements Assessment
$8,252
Total Assessment
$9,061
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116 N 3rd St
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