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White Lakes Plaza Apartment Homes 3730 SW Plaza Dr

144 Unit Block of Flats £6,981,249 (£48,481/Unit) 7.27% Net Initial Yield Topeka, KS 66609

Investment Highlights

  • Current ownership has renovated (7) units and by renovating the remaining units you could increase the gross revenue by $268K
  • Additional Income Optimization Opportunities
  • There is an immediate opportunity to increase property revenue by bringing (7) down units to rent ready status
  • Strong Rent Growth in a Low Supply Market

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £6,981,249
Price Per Unit £48,481
Sale Type Investment
Net Initial Yield 7.27%
No. Units 144
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 6.88 AC
Building Size 122,400 SF
Number of Floors 2
Year Built 1973
Parking Ratio 0.82/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Storage Space
  • Heating
  • Ceiling Fans
  • Tile Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Views

Site Amenities

  • Clubhouse
  • Courtyard
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Laundry Service
  • Package Service
  • Pet Play Area
  • Planned Social Activities
  • Wi-Fi
  • Storage Space
  • Maintenance on site
  • Sundeck

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 72 £565.56 750 - 753
2+1.5 72 £662.04 950

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
146-24-0-10-01-006-010
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£752,266
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
  • Listing ID: 31046822

  • Date on Market: 26/02/2024

  • Last Updated:

  • Address: 3730 SW Plaza Dr, Topeka, KS 66609

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