331 Commercial St Emporia, KS 66801-4010
This exceptional investment opportunity encompasses five structures across four distinct properties in Emporia, Kansas, offering substantial rental income and significant potential for future growth. The portfolio includes a triplex at 502 Neosho Street featuring one two-bedroom and two remodeled one-bedroom apartments, all currently leased. Also included is a renovated three-bedroom, one-bath, 1 1/2-story home at 717 East Street. A one-bedroom, one-bath home at 504 Chestnut Street is bundled with a four-bedroom, one-bath bungalow at 896 West 5th Street, both featuring crawl spaces. The cornerstone of this investment is the commercial property located at 331 Commercial Street. This building boasts two separate commercial rental spaces on the main floor and four residential apartments upstairs. Three of the four upstairs units and both main floor commercial spaces are currently leased, generating a combined monthly income of $2,550. This diverse portfolio presents a rare chance to acquire a substantial, income-producing real estate package in a desirable location. The properties offer a blend of residential and commercial income streams, providing a robust and diversified investment strategy. This is an ideal opportunity for investors seeking a turnkey portfolio with immediate cash flow and long-term appreciation potential. The properties are sold as a package.
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Spartan Staffing Employment Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.