900 Alice Ave Parsons, KS 67357

OFF-MARKET

Garden apartment buildings

Property ID

US33-0992268

6,448 SF 2.1 ac lot Built 2000

Entity Owned Absentee Owner Free & Clear

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This exceptional 0.83-acre lot, situated at 900 Alice Avenue in Parsons, Kansas, presents a compelling investment opportunity. Located in Labette County, zip code 67357 (latitude 37.3483266, longitude -95.2901925), this property offers significant potential for developers seeking to capitalize on the strong demand for multifamily housing. The expansive lot size provides ample space for the construction of multiple residential units, such as duplexes, making it an ideal project for investors looking to build a rental portfolio. The property's location within Parsons offers convenient access to local amenities, services, and transportation networks, further enhancing its appeal. The asking price for this remarkable land parcel is $29,800. This represents a rare chance to acquire a well-positioned property in a thriving Kansas community, poised for significant growth and return on investment. Serious inquiries are encouraged to explore this promising development opportunity. The address is clearly identified as 900 Alice Avenue.

Property type Garden apartment buildings

Use group GARDEN APT, COURT APT (5+ UNITS)

Year built 2000

Total area 6,448 SF

Lot 2.1 ac (91,476 SF)

APN 036-14-0-10-14-001.01-0

UPID US33-0992268

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Apartment Building

900 Alice Ave Parsons, KS 67357-2179

Parsons metro Census 950300 PARSONS, KS MICROPOLITAN STATISTICAL AREA

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Blend (final) Blend

$440k

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$1,665,000

29,760 SF

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Value Estimation
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Value Estimation
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209 Kay Ln

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