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White Lakes Plaza Apartment Homes 3730 SW Plaza Dr 144 Unit Apartment Building $8,900,000 ($61,806/Unit) 7.27% Cap Rate Topeka, KS 66609
INVESTMENT HIGHLIGHTS
- Current ownership has renovated (7) units and by renovating the remaining units you could increase the gross revenue by $268K
- Additional Income Optimization Opportunities
- There is an immediate opportunity to increase property revenue by bringing (7) down units to rent ready status
- Strong Rent Growth in a Low Supply Market
FINANCIAL SUMMARY (ACTUAL - 2023) 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 |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $8,900,000 | Apartment Style | Garden |
| Price Per Unit | $61,806 | Building Class | C |
| Sale Type | Investment | Lot Size | 6.88 AC |
| Cap Rate | 7.27% | Building Size | 122,400 SF |
| No. Units | 144 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Price | $8,900,000 |
| Price Per Unit | $61,806 |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| No. Units | 144 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.88 AC |
| Building Size | 122,400 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.82/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Views
SITE AMENITIES
- Clubhouse
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Laundry Service
- Package Service
- Pet Play Area
- Planned Social Activities
- Wi-Fi
- Storage Space
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 72 | $721.00 | 750 - 753 |
| 2+1.5 | 72 | $844.00 | 950 |
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PROPERTY TAXES
| Parcel Number | 146-24-0-10-01-006-010 | Total Assessment | $1,031,746 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
146-24-0-10-01-006-010
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,031,746 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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White Lakes Plaza Apartment Homes | 3730 SW Plaza Dr
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