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Mimosa Arms 700 Janet St 30 Unit Apartment Building $1,400,000 ($46,667/Unit) Clearwater, KS 67026
EXECUTIVE SUMMARY
Mimosa Arms – Affordable Section 8 Apartments in Clearwater, KS
Located at 700 Janet St, Mimosa Arms offers income-based 1, 2, and 3-bedroom apartments in a quiet, small-town setting just 25 minutes from Wichita. Each unit features central heat and air, kitchen appliances, washer and dryer hookups, and water/trash included. Community amenities include a playground, bike racks, and a spacious community room. Managed by Key Management, Mimosa Arms is a 30-unit property accepting Section 8 assistance. Rent is based on income.
Located at 700 Janet St, Mimosa Arms offers income-based 1, 2, and 3-bedroom apartments in a quiet, small-town setting just 25 minutes from Wichita. Each unit features central heat and air, kitchen appliances, washer and dryer hookups, and water/trash included. Community amenities include a playground, bike racks, and a spacious community room. Managed by Key Management, Mimosa Arms is a 30-unit property accepting Section 8 assistance. Rent is based on income.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$202,783
|
$6.85
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$202,783
|
$6.85
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $202,783 |
| Annual Per SF | $6.85 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $202,783 |
| Annual Per SF | $6.85 |
PROPERTY FACTS
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $46,667 | Lot Size | 3.28 AC |
| Sale Type | Investment | Building Size | 28,449 SF |
| No. Units | 30 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Garden |
| Price | $1,400,000 |
| Price Per Unit | $46,667 |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.28 AC |
| Building Size | 28,449 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1985 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Refrigerator
- Range
SITE AMENITIES
- Clubhouse
- Playground
- Basketball Court
- Walking/Biking Trails
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 395 |
| 2+1 | 16 | - | 610 |
| 3+1 | 6 | - | 862 |
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PROPERTY TAXES
| Parcel Number | 266-23-0-41-02-014.00 | Total Assessment | $135,252 (2025) |
| Land Assessment | $19,447 (2025) | Annual Taxes | $202,783 ($7.13/SF) |
| Improvements Assessment | $115,805 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
266-23-0-41-02-014.00
Land Assessment
$19,447 (2025)
Improvements Assessment
$115,805 (2025)
Total Assessment
$135,252 (2025)
Annual Taxes
$202,783 ($7.13/SF)
Tax Year
2024
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Mimosa Arms | 700 Janet St
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