Turnkey Apartment
713 Dondee Dr. Manhattan, KS 66502
For Sale
Contact for pricing
Turnkey 36-unit apartment portfolio across three adjacent buildings with 67 total bedrooms and established occupancy.
Days on Market30
Property Features for 713 Dondee Dr.
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1975
Listing Agency:
The Alms Group
Listed By:
Tray Schmidt · License #Kansas BR00237205
Source:
Crexi
Added: Jun 25
Changed: Jul 23
Last Checked: Jul 24 at 5:29PM
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 The Alms Group
Investment Insights
Based on property information with market context.
Turnkey 36-unit apartment portfolio spread across three adjacent buildings at 713 Dondee Dr and 803 & 805 Allison Ave in Manhattan, Kansas. The property includes a unit mix of 31 two-bedroom and 5 one-bedroom apartments, totaling 67 bedrooms. The portfolio is described as approximately 94% occupied with an established tenant base and three years of operating history.
According to the provided materials, the portfolio reports $366,960 gross income and $229,390 NOI, reflecting an 8.8% going-in cap at list (about $72,083 per unit). The remarks also note that two of the three buildings are fully renovated, while the third has below-market units identified as value-add potential.
Full financials are available to qualified investors, and the offering is presented as a single-transaction opportunity with in-place cash flow and income supported by the described operating history.
According to the provided materials, the portfolio reports $366,960 gross income and $229,390 NOI, reflecting an 8.8% going-in cap at list (about $72,083 per unit). The remarks also note that two of the three buildings are fully renovated, while the third has below-market units identified as value-add potential.
Full financials are available to qualified investors, and the offering is presented as a single-transaction opportunity with in-place cash flow and income supported by the described operating history.
Key Highlights
- 36‑unit apartment portfolio across three adjacent buildings: 713 Dondee Dr and 803 & 805 Allison Ave in Manhattan, Kansas
- Unit mix includes 31 two‑bedroom and 5 one‑bedroom units (67 total bedrooms)
- Financials reported: $366,960 gross income and $229,390 NOI
Property Analytics
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Apartment buildings
FAQs
What type of property is this?
Apartment building - Turnkey 36-unit apartment portfolio across three adjacent buildings with 67 total bedrooms and established occupancy.
Where is this apartment building located?
The property is located at 713 Dondee Dr. Manhattan, KS.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: 36‑unit apartment portfolio across three adjacent buildings: 713 Dondee Dr and 803 & 805 Allison Ave in Manhattan, Kansas; Unit mix includes 31 two‑bedroom and 5 one‑bedroom units (67 total bedrooms); Financials reported: $366,960 gross income and $229,390 NOI
