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124 W 8th St 4 Unit Apartment Building $385,000 ($96,250/Unit) 7% Cap Rate Douglass, KS 67039
INVESTMENT HIGHLIGHTS
- Newly renovated property
EXECUTIVE SUMMARY
Experience peaceful, small-town living in this newly renovated, charming 4-unit multifamily property in Douglass, Kansas, where quiet country vibes meet modern convenience. This newly renovated property is a rare find and offers an excellent investment opportunity. Each of the 4 units features 2 bedrooms and 1 bathroom, and all are currently vacant, ready for you to move in your own tenants. The apartments boast updated amenities, including brand-new windows, fully renovated kitchens with modern appliances such as dishwashers, and refreshed bathrooms. You’ll also enjoy the comfort of central air and heat throughout, along with the added convenience of washer and dryer hook-ups.
The property includes an additional lot next door, offering extra space for outdoor activities or potential future development. With new carpet and updated flooring, each unit is both stylish and functional. Whether you're looking to live in one unit and rent out the others or rent out all four, this property is the perfect investment for anyone seeking a reliable income stream in the peaceful, small-town setting of Douglass, Kansas.
The property includes an additional lot next door, offering extra space for outdoor activities or potential future development. With new carpet and updated flooring, each unit is both stylish and functional. Whether you're looking to live in one unit and rent out the others or rent out all four, this property is the perfect investment for anyone seeking a reliable income stream in the peaceful, small-town setting of Douglass, Kansas.
PROPERTY FACTS
| Price | $385,000 | Property Subtype | Apartment |
| Price Per Unit | $96,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 7% | Building Size | 3,322 SF |
| Gross Rent Multiplier | 10.69 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1976/2025 |
| Property Type | Multifamily | ||
| Zoning | C - Commercial | ||
| Price | $385,000 |
| Price Per Unit | $96,250 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 10.69 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 3,322 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2025 |
| Zoning | C - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Carpet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $750.00 | - |
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PROPERTY TAXES
| Parcel Number | 414-20-0-20-14-004-00-0 | Improvements Assessment | $16,131 |
| Land Assessment | $1,673 | Total Assessment | $17,804 |
PROPERTY TAXES
Parcel Number
414-20-0-20-14-004-00-0
Land Assessment
$1,673
Improvements Assessment
$16,131
Total Assessment
$17,804
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124 W 8th St
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