613 3Rd St Newton, KS 67114
- Residential income homes
- 952 SF
Current Use by Public Records
- Residential income homes
Property Details for 613 3Rd St
- Year built
- 1940
- Property size
- 952 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of four single-family rental homes in Newton, Kansas. The portfolio includes a diverse mix of properties, offering a range of sizes and rental incomes. One property, located at 613 SE 3rd St, boasts 952 square feet, two bedrooms, one bathroom, and underwent a complete remodel in 2022. It's currently vacant and ready for immediate lease. Another property, situated at 415 Trousdale Dr, features 960 square feet, three bedrooms, and one bathroom, complemented by fresh paint, a carport, and a deck. This property currently generates a monthly rental income of $680. A third property, located at 422 E 9th St, offers 1218 square feet, three bedrooms, one bathroom, and a detached garage, with a current monthly rental income of $850. Finally, the portfolio includes a larger, two-story home at 330 E 1st St, encompassing 1916 square feet, three bedrooms, two bathrooms, a full basement, and a carport. This property is currently undergoing mid-renovation. The entire portfolio sits on a combined lot size of 4,950 square feet. This is a rare opportunity to acquire a well-positioned rental portfolio with immediate income potential and significant upside through continued property improvements and lease optimization. The properties are located in Newton, KS, zip code 67114. This is a turnkey investment ready for a new owner.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Harvey
- State
- Kansas
- Longitude
- -97.338058110078
- Latitude
- 38.040708707761
