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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 |
LINKS
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
Listing ID: 13763821
Date on Market: 9/12/2018
Last Updated:
Address: 509 Cherry Ln, Newton, KS 67114
The Multifamily Property at 509 Cherry Ln, Newton, KS 67114 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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