1110 w 11Th St Concordia, KS 66901

The Mount Joseph Apartments project in Concordia, Kansas, presents a real estate investment opportunity. Formerly Mount Joseph Senior Village, this 54,000 square foot single-level brick building is being converted into 63 apartment units. The property includes a spacious on-site manager unit, a gym, a recreation center, three coin-operated laundry rooms, and a large courtyard suitable for outdoor games and social gatherings. Upon completion, Mount Joseph Apartments will consist of 3 studios, 38 one-bedroom units, and 22 two-bedroom units. Two wings are nearing completion. A-wing features seven two-bedroom units, six of which include two bathrooms. C-wing contains nine one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. These 17 units are estimated to generate income upon completion. The building is located on 6.83 acres on the edge of town next to Lost Creek. A new road with over 50 parking spaces has been completed along the back of the property. The units feature white shaker cabinetry, stainless appliances, and granite countertops. The property is being sold as-is, with construction ongoing. As more wings are completed, the listing price will increase. If 50% completion is reached, the property will be taken off the market.