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1220 E Broadway St 16 Unit Apartment Building $1,150,000 ($71,875/Unit) Newton, KS 67114
EXECUTIVE SUMMARY
16 unit apartment complex.
-13 2/1's
-12 1/1's
The exterior was just fully painted, windows caulked in and sealed in the last 60 days.
All exterior doors have been replaced brand new by Star Lumber
Roof is in fantastic shape, no leaks
6 of the units in the last 8 months have had a full renovation, flooring, wall repairs, ceiling repairs, kitchen back splash.
Units are all electric, with the exception of the "Home Unit", which does have natural gas.
All units are in one water meter (water/sewer $1050.00 month)
Coin operated washer and dryer for onsite laundry
Basement Storage and red outbuilding shed for owners materials
Letters were just sent for rent increases beginning 2/1/2026
the 3 - one-bedroom units are on a corporate lease that renews in March
Walk throughs available with a bank letter stating funds for purchase are available.
The owner is the property manager.
Owner will pay a buyers realtor commission
-13 2/1's
-12 1/1's
The exterior was just fully painted, windows caulked in and sealed in the last 60 days.
All exterior doors have been replaced brand new by Star Lumber
Roof is in fantastic shape, no leaks
6 of the units in the last 8 months have had a full renovation, flooring, wall repairs, ceiling repairs, kitchen back splash.
Units are all electric, with the exception of the "Home Unit", which does have natural gas.
All units are in one water meter (water/sewer $1050.00 month)
Coin operated washer and dryer for onsite laundry
Basement Storage and red outbuilding shed for owners materials
Letters were just sent for rent increases beginning 2/1/2026
the 3 - one-bedroom units are on a corporate lease that renews in March
Walk throughs available with a bank letter stating funds for purchase are available.
The owner is the property manager.
Owner will pay a buyers realtor commission
FINANCIAL SUMMARY (ACTUAL - 2025) 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 |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) 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 | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $71,875 | Lot Size | 0.78 AC |
| Sale Type | Investment | Building Size | 10,184 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1974/2025 |
| Apartment Style | Low-Rise | Parking Ratio | 1.87/1,000 SF |
| Zoning | PO | ||
| Price | $1,150,000 |
| Price Per Unit | $71,875 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 10,184 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2025 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | PO |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 13 | $725.00 | - |
| 1+1 | 3 | $687.50 | - |
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PROPERTY TAXES
| Parcel Number | 095-16-0-10-25-006.00-0 | Total Assessment | $53,350 |
| Land Assessment | $1,571 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $51,779 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
095-16-0-10-25-006.00-0
Land Assessment
$1,571
Improvements Assessment
$51,779
Total Assessment
$53,350
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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Presented by
Clark Anthony
1220 E Broadway St
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