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Jackson Street Lofts 735 SW Jackson St 21 Unit Apartment Building $2,500,000 ($119,048/Unit) Topeka, KS 66603
Investment Highlights
- On-site workout facility
- Gated off-street parking (25 stalls)
- Great highway access - minutes from I-70
- On-site movie/media room
- In-unit washer and dryer
- Steps from the Kansas State Capitol and numerous downtown employers
Executive Summary
Jackson Street Lofts is a 21-unit, garden-style multifamily asset located at 735 SW Jackson Street in the core of Downtown Topeka, Kansas. Steps away from Evergy Plaza and the city's expanding restaurant and redevelopment corridor. Built in 1953 and fully renovated in 2015, the property offers updated kitchens and baths, in-unit laundry, and centralized HVAC across a broad unit mix. With 100% current occupancy and in-place rents still trailing market, Jackson Street Lofts presents a stabilized, opportunity in a revitalizing downtown submarket.
Property Facts
| Price | $2,500,000 | Lot Size | 0.50 AC |
| Price Per Unit | $119,048 | Building Size | 28,245 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1953/2015 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | D-1 | ||
| Price | $2,500,000 |
| Price Per Unit | $119,048 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.50 AC |
| Building Size | 28,245 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1953/2015 |
| Parking Ratio | 0.89/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | D-1 |
Amenities
Unit Amenities
- Washer/Dryer
- Stainless Steel Appliances
- Loft Layout
Site Amenities
- Fenced Lot
- Fitness Center
- Media Center/Movie Theatre
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 780 |
| 2+1 | 5 | - | 1,200 |
| 2+1.5 | 3 | - | 1,431 |
| 2+2 | 3 | - | 1,130 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 109-31-0-40-05-003-030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $239,725 |
Property Taxes
Parcel Number
109-31-0-40-05-003-030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$239,725
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Jackson Street Lofts | 735 SW Jackson St
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