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    FOR SALE
    Commercial real estate

    308 Chestnut St Silver Lake, KS 66539

    6,000 SF Built 1930
    Property ID
    US33-1044662
    308 Chestnut St, Silver Lake, KS 66539 For Sale 1 / 53
    $425,000 6,000 SF
    308 Chestnut St, Silver Lake, KS 66539
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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents Silver Lake Cottages, a 10-unit apartment building situated in Silver Lake, Kansas, at 3008 Chestnut St, zip code 66539. The property consists of five single-story buildings, totaling 6,000 square feet of net rentable space. Built in 1930, this Class C multifamily property boasts 100% occupancy across its ten units. Its convenient location directly adjacent to Silver Lake High School offers significant potential for strong rental demand and future value appreciation. The existing structure presents a value-add opportunity, with potential for unit renovations and upgrades to capitalize on the favorable demographics. The property's strong occupancy rate and prime location make it an attractive investment for those seeking a stable, income-generating asset with significant upside potential. This is a rare chance to acquire a well-located, fully occupied multifamily property in a desirable Kansas community. The property's size and layout offer a manageable investment with immediate cash flow. Further details are available upon request.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1930
    Total area 6,000 SF
    UPID US33-1044662
    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
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    1 occupant on record
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