1214 Vattier St Manhattan, KS 66502-5297
Property profile & analytics
1214 Vattier St Manhattan, KS 66502-5297
- Garden apartment buildings
- 8,132 SF
- 0.34 lot acres
Property ID
US33-0596575
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Garden apartment buildings
Property Details for 1214 Vattier St
- Year built
- 1984
- Lot size
- 0.34 lot acres
- Property size
- 8,132 SF
- Zone code
- R-3
- Property type
- Garden apartment buildings
- APN
- 204-18-2-20-07-013.00-0
- APU
- 2041822007013000
Description
This exceptional investment opportunity presents a fully leased, 12-unit apartment building in Manhattan, Kansas. The property, built in 1984 and extensively renovated in 2022, boasts a strong NOI of $14,050 per month, resulting in a 0.92% cap rate. All twelve units are currently occupied, with leases extending into 2025, providing a stable and reliable income stream. Eleven units offer three bedrooms and 1.5 bathrooms, while one unit features two bedrooms and one bathroom. The building features a unique wooden deck walkway across the front, enhancing curb appeal. Ample off-street parking is available for all tenants. The property is situated in a desirable neighborhood, conveniently located near the campus, attracting a consistent tenant base. The building is a three-story, all-brick structure, showcasing a blend of classic architecture and modern amenities. Recent improvements include a new roof and new HVAC units in four of the apartments, presenting potential for further value enhancement. The property is zoned for commercial use and is currently owner-operated. This stabilized investment offers a compelling opportunity for a secure and profitable return. The asking price is $1,450,000.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $875,000
Market price range: $786k - $1.62M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,205,000 Current use
- OFFICE BUILDING
- $1,320,000 Change: +10% Conversion: Moderate
- RESTAURANT
- $1,260,000 Change: +5% Conversion: Difficult
- MEDICAL BUILDING
- $1,070,000 Change: -11% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Manhattan
- County
- Riley
- State
- Kansas
- Longitude
- -96.5756
- Latitude
- 39.1882
- CBSA code
- 31740
- CBSA name
- MANHATTAN, KS MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,303
$51,578
$40,423
$92,001
-
$448,500
$351,500
$800,000
