500 2nd St Abilene, KS 67410-2749

This exceptional mixed-use property, located at 500 NW 2nd St, Abilene, Kansas 67410, presents a compelling investment opportunity. The property consists of a three-story, 27-unit apartment building known as Chisholm Apartments, built in 1998. Each unit boasts 600 square feet, featuring one bedroom and one bathroom. Currently operating at 100% occupancy, this building offers immediate and substantial cash flow. The masonry brick construction ensures durability and low maintenance. Residents enjoy the convenience of a spacious parking lot and an underground sprinkler system. The landlord covers water, trash, and electricity for the common laundry area, while tenants are responsible for their individual electric bills. A significant revenue stream is generated from the coin-operated laundry facilities, which are owned by the landlord. The property sits on a 0.52-acre lot. The asking price for this turnkey investment is $1,600,000. This property offers a stable income stream in a desirable location, making it an ideal addition to any real estate portfolio. The property's strong occupancy rate and established revenue streams make it a particularly attractive investment.