2007 SW Mission Ave
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2007 SW Mission Ave
36 Unit Block of Flats For Sale Topeka, KS 66604
Investment Highlights
- Recently Remodeled
- On Site Laundry
- All Windows and Roofs Replaced
- $150+ Rent Premium
- 100% Utility Pass Through
Executive Summary
Zeal Property Advisors, LLC is pleased to present the exclusive offering of 2007 & 2021 SW Mission Ave (“The Property”), a 36-unit apartment community ideally situated near SW Gage Blvd and West 21st Street in Topeka, Kansas. This Property is an ideal plug and play opportunity with a majority of the capital expenditures having already been completed. Prospective investors have the opportunity to grow rents to market where a $200 rent premium has been identified and optimize expenses to achieve an above market return. Strong local third-party management is underwritten to assist in this value-add opportunity.
The Property is offered as a fee simple sale and presents prospective investors with both short and long term capital event opportunities including a cash-out refinance once stabilized. Non-recourse structured finance options have been identified. For more information on offering procedures or to schedule a tour, please contact Keiten Nuspl.
The Property is offered as a fee simple sale and presents prospective investors with both short and long term capital event opportunities including a cash-out refinance once stabilized. Non-recourse structured finance options have been identified. For more information on offering procedures or to schedule a tour, please contact Keiten Nuspl.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 1.02 AC |
| No. Units | 36 | Building Size | 24,455 SF |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Garden | Parking Ratio | 0.64/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 24,455 SF |
| Number of Floors | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.64/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | 568 - 714 |
| 2+1 | 5 | - | 875 - 982 |
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Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 142-03-0-40-13-026-000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £44,802 |
PROPERTY TAXES
Parcel Number
142-03-0-40-13-026-000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£44,802
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Keiten Nuspl -
Austin Paul -
Zeal Property Advisors LLC
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2007 SW Mission Ave
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