10302 62Nd St Shawnee, KS 66203
- Apartment buildings
- 51,000 SF
- 2.74 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 10302 62Nd St
- Year built
- 1969
- Lot size
- 2.74 lot acres
- Property size
- 51,000 SF
- Property type
- Apartment buildings
Description
This exceptional 60-unit apartment building in Shawnee, Kansas, presents a compelling investment opportunity. Located at 10302 W 62nd St, this stabilized Class C property boasts 51,000 square feet across five, three-story buildings on a 2.74-acre lot. The property features a 96.7% occupancy rate (as of October 25, 2024) and a pro-forma NOI of $544,710, yielding a 7.51% pro-forma cap rate. Built in 1969 and extensively renovated in 1922, Oakside Apartments offers a mix of spacious one- and two-bedroom units, each featuring attractive finishes including quartz countertops, LVT flooring, and stainless steel appliances. The property benefits from its prime location, just one mile from the revitalized historic Downtown Shawnee and conveniently situated near the I-35 and Shawnee Mission Parkway interchange. The asking price is $7,250,000, or $120,833 per unit, and the property is offered free and clear of existing debt. Ample parking is available, and the efficient floor plans contribute to the property's strong performance. This well-maintained property is ideally positioned for long-term ownership and offers a compelling return on investment. The Johnson County location and established rental submarket further enhance its appeal. The property's APN is QP33600000-0035B.
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
- Shawnee
- County
- Johnson
- State
- Kansas
- Longitude
- -94.7057
- Latitude
- 39.017
