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10th St Terrace at Fox Ridge 803 S Logan St 16 Unit Apartment Building $2,900,000 ($181,250/Unit) Newton, KS 67114
Executive Summary
16-Unit multifamily portfolio with strong location fundamentals positioned near I-135 and the US-50 corridor.
Low risk profile with historically strong occupancies since conception
New construction builds with modern and quality finishes throughout
Strong amenities with a lakeside view- low maintenance homes for tenants
Rents ready to be increased to match the developments market rent at $1,600
Low risk profile with historically strong occupancies since conception
New construction builds with modern and quality finishes throughout
Strong amenities with a lakeside view- low maintenance homes for tenants
Rents ready to be increased to match the developments market rent at $1,600
Property Facts
| Price | $2,900,000 | Building Class | B |
| Price Per Unit | $181,250 | Lot Size | 7.25 AC |
| Sale Type | Investment | Building Size | 20,000 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Garden | ||
| Zoning | R-3 Residential | ||
| Price | $2,900,000 |
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.25 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2026 |
| Zoning | R-3 Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Island Kitchen
- Lawn
- Pantry
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Storage Space
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 18 | - | 1,080 |
| 3+2 | 39 | - | 1,225 |
| 4+2 | 4 | - | 1,501 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $148,960 | |
| Land Assessment | $22,131 | Total Assessment | $171,091 |
Property Taxes
Parcel Numbers
Land Assessment
$22,131
Improvements Assessment
$148,960
Total Assessment
$171,091
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