1110 11th, Concordia, KS 66901

This single-level brick apartment building, formerly Mount Joseph Senior Village, is being converted to 63 apartment units. The property includes an on-site manager unit and community amenities such as a gym, recreation center, three coin-operated laundry rooms, and a large courtyard designed for outdoor games and social gatherings. The building features a completed brick exterior and new interiors being delivered with white shaker cabinetry, stainless appliances, and granite countertops. The project is currently underway with two wings close to completion.

According to the seller, A-wing includes seven two-bedroom units, six of which are two-bedroom/two-bath layouts. C-wing includes nine one-bedroom/one-bath units plus one two-bedroom/one-bath unit. Completion is estimated at about 60 days, at which time the remaining units will begin generating income while construction continues on additional areas of the project. A new road runs along the back of the property and provides 50+ parking spaces. The site totals 6.83 acres and is described as being on the edge of town near Lost Creek.

For tenants and operators, the mix of studio, one-bedroom, and two-bedroom apartments paired with on-site management and resident-focused amenities may support a broad range of household needs. The conversion plan includes 3 studios, 38 one-bedroom units, and 22 two-bedroom units, with projected gross income of $45,000 per month when fully completed. The sale is being offered “as is,” while construction continues.