This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
509 Cherry Ln
Newton, KS 67114
Miller's Crossing · Multifamily Property For Sale
·
46 Units
PROPERTY FACTS
| No. Units | 46 | Building Size | 31,800 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | C | Parking Ratio | 1.45/1,000 SF |
| Lot Size | 3.10 AC | ||
| Zoning | R-3 | ||
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.10 AC |
| Building Size | 31,800 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
ABOUT 509 CHERRY LN , NEWTON, KS 67114
46 unit low-rise/garden multifamily complex in Newton, KS. Local ownership purchased this property in 2011 and has completed a number of significant improvements to the property. Miller’s Crossing has had a 4 year average of 90% occupancy and is currently sitting at a occupancy rate of 95%. Miller’s Crossing can be considered for the Neighborhood Revitalization Program, which issues tax credits for renovating properties around Newton, KS. Ownership also has for a sale Studios @ 501- a 21 unit, 95% occupied, mid-rise complex in Downtown Newton that could be included as a package deal.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 500 |
| 2+1 | 38 | - | 750 - 1,000 |
PROPERTY TAXES
| Parcel Number | 094-20-0-30-03-001.00-0 | Improvements Assessment | $85,084 |
| Land Assessment | $2,524 | Total Assessment | $87,608 |
PROPERTY TAXES
