Investment Opportunity: 24-Unit Apartment Complex in Prime Topeka Location This 24-unit apartment complex offers immediate cash flow and long-term upside, with 21 units currently occupied and 3 units vacant. Featuring a mix of one-bedroom and two-bedroom units, the property generates a solid monthly rental income of $14,005. With potential of $16,800 by bringing the average rent to $700 a door from $666 a door. Some Utilities paid by tenants. Tenants enjoy off-street parking and access to a central laundry facility, adding convenience and value to their living experience. Located in the heart of Topeka-just minutes from Topeka High School, the State Capitol, Evergy Plaza, and the shops and restaurants along revitalized Kansas Avenue-this complex is perfectly positioned for renters seeking walkable access to the city's top amenities. A strong performer in a prime area, this property is a smart addition to any investment portfolio.
Property Features
Appliances
- Refrigerator
- Range
- Dishwasher
- Washer
- Dryer
Heating and Cooling
- Cooling Features: Electric
- Heating Features: Electric
Interior Features
Land Info
- Lot Size Acres: 0.35
- Lot Size Square Feet: 15246
Garage and Parking
- Parking Features: Paved, On Site
- Parking Total: 24
School Information
- Elementary School: Meadows Elementary School/USD 501
- High School: Topeka High School/USD 501
- Middle School: Robinson Middle School/USD 501
Rental Info
- Gross Income: 183060
- Number of Units Leased: 21
- Number of Units Vacant: 2
Multi-Unit Info
Other Property Info
- Annual Tax Amount: 12951
- Source Listing Status: Active
- County: Shawnee County
- Directions: Traveling on S Topeka BLV turn west on 9th and north on Tyler. Property is on the west side of the road.
- Source Property Type: Residential Income
- Source Neighborhood: Original Town
- Ownership Type: Private
- Parcel Number: R26215
- Subdivision: Original Town
- Zoning: M-3 Multi-Family
- Property Subtype: Apartment
Building and Construction
- Year Built: 1977
- Building Exterior Type: Frame
- Building Features: Central Laundry
- Construction Materials: Frame
- Property Age: 48
- Roof: Composition
- House Style: Garden
- Year Built Effective: 30
- Architectural Style: Garden
Utilities
- Sewer: Public Sewer
- Water Source: Public