23Rd St Topeka, KS 66614
- Apartment buildings
- 7,482 SF
- 1.19 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 0 23Rd St
- Lot size
- 1.19 lot acres
- Property size
- 7,482 SF
- Property type
- Apartment buildings
Description
This exceptional 30-unit apartment building presents a compelling investment opportunity in Topeka, Kansas. Strategically located at the Northwest corner of 23rd Street and Fairlawn Road, this property boasts a prime location surrounded by established businesses including Dillons, Walgreens, McDonald's, Office Depot, and more, ensuring high occupancy rates and strong rental income. The complex comprises three buildings, each approximately 2494 square feet, totaling 7,482 square feet on a 1.19-acre lot. Each building houses 10 units, providing a well-balanced and easily managed portfolio. The asking price is $1,799,000, translating to a price per square foot of $240.44 and a price per unit of $59,966.67. This multifamily investment offers significant potential for both immediate returns and long-term appreciation. The property's strong location, combined with its well-maintained buildings and high occupancy potential, makes it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. The zip code is 66614. This is a turnkey opportunity to acquire a thriving apartment complex in a desirable Topeka neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Topeka
- County
- Shawnee
- State
- Kansas
- Longitude
- -95.7442
- Latitude
- 39.0253
