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Mahaska Apartments 205 S School Ave 12 Unit Apartment Building $75,000 ($6,250/Unit) Mahaska, KS 66955
INVESTMENT HIGHLIGHTS
- Distress sale, use HTCs for a TLC refresh.
EXECUTIVE SUMMARY
Very Small town. eligible for Historic Tax Credits - needs about $150k of renovation to get 12 units back on line, so about half of that would be covered with 20% Fed and 40% State historic credits. the key to this property is to be able to lease in a very rural market - or, set up as a very remote Airbnb getaway, or a hunting lodge.
do not call unless you have read this.
do not call unless you have read this.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$1,500
|
$0.04
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,500
|
$0.04
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.04 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.04 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 4 | - | - |
| 3+2 | 3 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 0530701005001000 | Total Assessment | $10,660 (2025) |
| Land Assessment | $1,197 (2025) | Annual Taxes | $1,500 ($0.04/SF) |
| Improvements Assessment | $9,463 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0530701005001000
Land Assessment
$1,197 (2025)
Improvements Assessment
$9,463 (2025)
Total Assessment
$10,660 (2025)
Annual Taxes
$1,500 ($0.04/SF)
Tax Year
2024
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Mahaska Apartments | 205 S School Ave
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