2007 Mission Ave Topeka, KS 66604

This well-located Topeka, Kansas multifamily property offers a compelling investment opportunity. The 36-unit apartment complex, situated on a 1.02-acre lot at 2007 SW Mission Ave, boasts 24,455 square feet of net rentable space across three, two-story buildings. Built in 1960 and extensively renovated in 2021, the property currently enjoys a 90% occupancy rate. Recent capital improvements include the replacement of all windows and roofs. The property features on-site laundry and a 100% utility pass-through to tenants. A significant rent premium is achievable, presenting a clear path to increased profitability. The property's Class C designation and strong operational upside make it an attractive acquisition for investors seeking both short-term and long-term capital appreciation. The property is offered as a fee simple sale, and non-recourse structured finance options have been identified. This is a turnkey opportunity with potential for immediate cash flow and future value enhancement. Located near SW Gage Blvd and West 21st Street in Shawnee County, zip code 66604, this property benefits from a convenient location.