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Property profile & analytics
OFF-MARKET
Garden apartment buildings

22072 Vly Rd La Cygne, KS 66040-9205

4,608 SF 8.89 ac lot Built 2000
Entity Owned Absentee Owner Free & Clear
Property ID
US33-0710011
Property summary
AI-generated overview

Exceptional 8.8-acre commercial land parcel in Linn Valley, Kansas, listed at $2,790,000. This property presents a unique investment opportunity with significant upside potential. Improvements include a completely remodeled rental unit complex (2022), a covered pavilion/picnic area, and high-speed internet access (1 Gb fiber). The property's strategic location adjacent to La Cygne Lake, a year-round fishing lake, ensures consistent demand. The lake hosts fishing tournaments and attracts seasonal workers from the nearby power plant. The area also sees significant seasonal activity from hunters (deer hunting season October-December) and tourists attending weddings, family reunions, etc. This is the only rental property of its kind in the area, catering to a diverse clientele. The property's proximity to the Marais Des Cygne Wildlife Area further enhances its appeal. The asking price includes a 10% cap rate and a 10% management fee, with offsite management in place. Expansion opportunities exist, including the potential to add RV spaces for additional revenue streams. This property offers a compelling combination of existing income and future development possibilities in a high-demand location. The property is located at 22072 Valley Rd, La Cygne, KS 66040.

Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2000
Total area 4,608 SF
Lot 8.89 ac (387,248 SF)
Zoning code AR
APN 019-31-0-00-00-013.02-0
UPID US33-0710011
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Valley Cabins Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
HOLLY STREET INVESTORS LLC
HOLLY STREET INVESTORS LLC
Zoning & alternative use
AR · La Cygne, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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