46-Unit Apartment Building
509 Cherry Ln Newton, KS 67114
509 Cherry Ln, Newton, KS, 67114
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For Sale
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Pending
Forty-six-unit multifamily property with washer/dryer hookups and recent unit updates, with owner-paid water and trash.
Days on Market104
Property Features for 509 Cherry Ln
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Waller Group Homes
(214) 818-4109
Listed by
Logan Waller · License #TX 0479147
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 3:56PM Checked: Jul 22 at 3:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes
Investment Insights
Based on property information with market context.
This 46-unit apartment building is positioned as an add-value residential income property. The current owner purchased the asset in 2011 and has completed several improvements, including new low-flow toilets in all units as part of a water conservation program. Additional updates include new paint and carpet in 12 units. Units are also equipped with washer/dryer hookups, and the owner currently pays for water and trash.
The property is located near Plumbrook Park and Ashbury Park, as well as Newton Country Club.
For additional renovation incentives, the building may be eligible for the Neighborhood Revitalization Program, which provides tax credits for renovating properties around Newton, with more information available on the city website. The owner will continue managing the property after closing for 6% of gross rent collected.
The property is located near Plumbrook Park and Ashbury Park, as well as Newton Country Club.
For additional renovation incentives, the building may be eligible for the Neighborhood Revitalization Program, which provides tax credits for renovating properties around Newton, with more information available on the city website. The owner will continue managing the property after closing for 6% of gross rent collected.
Key Highlights
- 46‑unit multifamily property with washer/dryer hookups in the units
- Recent unit improvements include new low‑flow toilets in all units as part of a water conservation program
- New paint and carpet installed in 12 units
Property Analytics
Location Intelligence
Current Use by Public Records
Skyveiw Apartments
Apartment Complex
LND ELECTRONIX
Auto Repair Shop
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FAQs
What type of property is this?
Apartment building - Forty-six-unit multifamily property with washer/dryer hookups and recent unit updates, with owner-paid water and trash.
Where is this apartment building located?
The property is located at 509 Cherry Ln Newton, KS.
What are key features of this property?
This property features: 46‑unit multifamily property with washer/dryer hookups in the units; Recent unit improvements include new low‑flow toilets in all units as part of a water conservation program; New paint and carpet installed in 12 units
