Current Use by Public Records
- Commercial real estate
Property Details for 412-414 Long Path Ct
- Year built
- 2024
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents two brand-new, Class A duplexes located at 412-414 W Long Path Ct, Goddard, KS 67052. Built in 2024, each unit boasts 1376 square feet of living space, featuring four bedrooms, two full bathrooms, and a two-car garage. High-end finishes include luxury vinyl plank flooring, nine-foot ceilings with a vaulted living area, upgraded appliances, a 22-square-foot walk-in pantry, and quartz countertops in the kitchen and bathrooms. The exterior features an east-facing backyard providing ample sunlight and shade. The property sits on a 10,018-square-foot lot and is conveniently located near the Sunset Prairie Bike Walk Trail, neighborhood parks, and ponds. Goddard public elementary and intermediate schools are within walking distance, while Goddard Middle and High School are just 1.5 miles away. The property's prime location is only one mile south of Kellogg US 54/KS 400, providing easy access to commercial amenities. The HOA manages lawn maintenance, mowing, sprinklers, and wells, minimizing owner responsibilities. The total square footage is 2,752, with a current NOI of $43,200 and a pro-forma NOI of $26,700. The asking price is $385,000, representing a 7.00% cap rate and a pro-forma cap rate of 6.94%. Each unit currently rents for $1,800-$1,850 per month. This is an ideal investment for those seeking high-quality properties in a high-demand area with low maintenance and a strong return on investment. The permitted zoning is multifamily.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Goddard
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.5864
- Latitude
- 37.652
