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1502 E Fulton St 28 Unit Apartment Building $1,675,000 ($59,821/Unit) Garden City, KS 67846
Executive Summary
28-Unit Efficiency Apartment Complex. Turnkey investment with upside potential. Located in the steadily growing community of Garden City, this fully operational 28-unit multifamily property offers strong rental demand and stable income. Originally built in 1986 and renovated in 2019, the complex includes: 25 studio units, 1 large studio, 1 one-bedroom unit, 1 three-bedroom unit. Each unit is equipped with a gas range and refrigerator, with most featuring a dishwasher. Tenants enjoy the comfort of PTAC heating/cooling systems, and the property is secured with surveillance cameras and a fire sprinkler system throughout. Low vacancy rate in a high-demand rental market. Owner-paid utilities. Onsite laundry and mail delivery. Whether you're expanding your portfolio or diving into multifamily real estate, this cash-flowing property is ready to go!
Property Facts
| Price | $1,675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $59,821 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Sale Condition | Redevelopment Project | Building Size | 26,986 SF |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1986/2019 |
| Property Subtype | Apartment | ||
| Zoning | C2 | ||
| Price | $1,675,000 |
| Price Per Unit | $59,821 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 26,986 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2019 |
| Zoning | C2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | - |
1 1
Property Taxes
| Parcel Number | 274-17-0-40-09-003.00-0 | Improvements Assessment | $110,160 |
| Land Assessment | $4,553 | Total Assessment | $114,713 |
Property Taxes
Parcel Number
274-17-0-40-09-003.00-0
Land Assessment
$4,553
Improvements Assessment
$110,160
Total Assessment
$114,713
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