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    Oak Avenue 298 Lebanon, KS 66952

    For Sale
    Contact for pricing

    292 Units, High-Return Investment Opportunity

    Property size:
    2,782 SF

    Description

    Added:
    Dec 19, 2024
    Days on Market:
    355
    This exceptional multifamily property, located at 298 Oak Avenue in Lebanon, Kansas, presents a lucrative investment opportunity. The complex boasts 292 units within a substantial 2,782 square foot building, offering significant rental income potential. While the net operating income is currently unavailable, the sheer scale of the property and the high number of units suggest a strong return on investment. The property sits on a 0-acre lot, with an additional 29 square feet of air rights. The building's net size is 2,299 square feet. This property is listed at $2,992,011,883 and is categorized as both multifamily and residential income property. The property's high unit count and location in Lebanon, KS, make it an attractive prospect for investors seeking a substantial portfolio addition. Further due diligence is recommended to fully assess the financial performance and potential of this significant investment. Detailed financial records are available upon request. This is a rare opportunity to acquire a large-scale multifamily complex in a growing market. Serious inquiries only.

    Property Features for Oak Avenue 298

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,782 SF
    Elevators
    N/A
    Net Rentable
    2,299 SF
    Air Rights
    29 SF

    Building Details

    Year Built
    1901
    Units
    292

    HighLights

    • Massive 2,782 sq ft multifamily property in Lebanon, KS.
    • 292 units offering significant rental income potential.
    • Prime investment opportunity priced at $2,992,011,883.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lebanon
    State
    Kansas
    Longitude
    -98.558326810598
    Latitude
    39.810755615877

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    FAQs

    What type of property is this?
    Multifamily property - 292 Units, High-Return Investment Opportunity
    Where is this multifamily property located?
    The property is located at Oak Avenue 298 Lebanon, KS.
    What is the asking price?
    The asking price for this property is $2,992,011,883.
    What are key features of this property?
    This property features: Massive 2,782 sq ft multifamily property in Lebanon, KS.; 292 units offering significant rental income potential.; Prime investment opportunity priced at $2,992,011,883.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Oak Avenue 298 Lebanon, KS 66952
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