For Sale
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Property summary
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
VerifiedCap rate & NOI
Current use
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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