424-444 Long Path Ct Goddard, KS 67052

Property Details for 424-444 Long Path Ct

Year built

2024

Property size

11,008 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of eight units across four newly constructed duplex buildings situated in the desirable Trails End neighborhood of Goddard, Kansas. Built in 2024, these Class A properties boast a total of 11,008 square feet of net rentable space, with each unit offering 1,376 square feet of comfortable living. The floor plans feature four bedrooms, two bathrooms, and a two-car attached garage. High-end finishes include 9-foot ceilings, quartz countertops, and luxury vinyl plank flooring. Kitchens are equipped with ample cabinetry, an eating bar, and a large walk-in pantry. Each unit also includes a screened-in patio. The properties are located on a quiet cul-de-sac within a community that offers a pool, playground, storm shelter, and ponds, with convenient access to the Prairie Sunset bike/walk path. The HOA manages lawn care and sprinkler systems, minimizing maintenance responsibilities. Currently, units rent for $1,800-$1,850 per month. The asking price is $1,540,000, representing a price per unit of $192,500 and a price per square foot of $139.90. The property's current NOI is $43,200, with a pro-forma NOI of $26,700 and a cap rate of 7%. The permitted zoning is MF duplex. The lot size is 8,712 square feet. The properties benefit from Goddard's excellent schools and rapidly growing commercial sector. This is a low-maintenance, high-demand investment with significant potential for future appreciation. The seller will consider selling individual duplexes or twin homes. First-year expenses are projected to be minimal due to new construction warranties. Occupancy is anticipated by July 31, 2024.

Location Insight

City

Goddard

County

usa

State

Kansas

Longitude

-97.5897

Latitude

37.6707