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2400 Alabama St
Lawrence, KS 66046
Alabama Place · Multifamily Property For Sale
·
29 Units
Property Facts
| No. Units | 29 | Building Size | 17,493 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1977/2015 |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Lot Size | 0.82 AC | ||
| Zoning | RM-3 | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 17,493 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1977/2015 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RM-3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Lawn
- Patio
Site Amenities
- 24 Hour Access
About 2400 ALABAMA ST , LAWRENCE, KS 66046
29 total units consist of: (6) 2-Bedrooms, (6) 1-Bedroom and (17) Studio Apartments. Rents Range from $410-$530 per unit. Owner pays Water & Cable. New Fire Alarm System & Cable Service. Coin Operated Laundry. Incredible investment opportunity that generates a high return and has had upgrades including Brand new asphalt paving in parking lot and some exterior paint. Located near Kansas University and shopping areas in the heart of Lawrence, Kansas just a block off 23rd Street. Property is being sold As-Is. Rent collected per month is $12,300. After water & cable & Expenses are paid, depending on the month- Owner nets between $7,000-10,000 each month. Property manager keeps %5 of Rent collected. Water/Sewer runs around $1300 month, and cable around $550, which works out to be approximately $64/ per unit. Contact agent for Expenses, Rent Roll, Month-to-Month & YTD Summary, Improvements and information.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 21 | - | 488 |
| 1+1 | 4 | - | 734 |
| 2+1 | 4 | - | 1,035 |
Property Taxes
| Parcel Number | 023-111-12-0-10-01-009.00-0 | Improvements Assessment | $133,356 |
| Land Assessment | $17,966 | Total Assessment | $151,322 |
Property Taxes
