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Portfolio of 15 Duplexes 593-621 Glen Ct 30 Unit Apartment Building $5,450,000 ($181,667/Unit) 6.65% Cap Rate Lansing, KS 66043
Investment Highlights
- 15 duplex package/30 units class A product 1200 sq ft 2br 1.5ba each built 2006
Executive Summary
Financials attached
15 duplex package
Lansing, Kansas
off market
Updated rent as of July 1 is $41,665 per month, $499,980 annually
Very nice product, all 20 years and less
Spacious 2br 1.5bath units 1200 sq ft with garages and full basement
The roofs on the 11 duplexes on Glen Court have just been replaced with Class 3 Impact Resistant shingles
15 duplex package
Lansing, Kansas
off market
Updated rent as of July 1 is $41,665 per month, $499,980 annually
Very nice product, all 20 years and less
Spacious 2br 1.5bath units 1200 sq ft with garages and full basement
The roofs on the 11 duplexes on Glen Court have just been replaced with Class 3 Impact Resistant shingles
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,450,000 | Apartment Style | Garden |
| Price Per Unit | $181,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.57 AC |
| Cap Rate | 6.65% | Building Size | 18,000 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 30 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment |
| Price | $5,450,000 |
| Price Per Unit | $181,667 |
| Sale Type | Investment |
| Cap Rate | 6.65% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.57 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2005 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Ceiling Fans
- Kitchen
- Tub/Shower
- Dining Room
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 30 | $1,500 | 1,200 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $292,404 | |
| Land Assessment | $78,992 | Total Assessment | $371,396 |
Property Taxes
Parcel Numbers
Land Assessment
$78,992
Improvements Assessment
$292,404
Total Assessment
$371,396
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Portfolio of 15 Duplexes | 593-621 Glen Ct