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Property profile & analytics
OFF-MARKET
Small apartment buildings

229 7Th Ave Garnett, KS 66032

Property ID
US33-1137892
Property summary
AI-generated overview

This exceptional investment opportunity presents a remarkable chance to acquire a substantial 25,200 square foot lot in Garnett, Kansas, zoned R3 Flexible Residential District. The property, located at 229 E 7th Avenue, 66032, includes a 24' x 41' garage featuring a concrete floor and three 8' x 10' overhead doors. While the garage's electrical service is currently disconnected, it boasts an established breaker box and outlets, ready for reconnection by the new owner. The R3 zoning allows for flexible development, including the construction of two single-family homes, two duplexes, or a single large residence. The property boasts mature trees and a spacious yard. City water, sewer, gas, and electric services are readily available on-site. This property's prime location offers convenient access to the 52-mile Prairie Spirit Rail Trail, extending from Iola to Ottawa, Kansas, and sits adjacent to the historic Garnett train depot. This complete package of land and garage presents a unique opportunity for significant returns. The property is priced affordably at $49,000.

Property profile
Verified
Property type Small apartment buildings
UPID US33-1137892
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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