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500 NW 2nd St

27 Unit Block of Flats £1,255,056 (£46,484/Unit) Abilene, KS 67410

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Investment Highlights

Located in Historic Abilene Kansas

100% Occupancy

Executive Summary

Seize this chance to invest in a well-established property with Chisholm Apartments, a 3-story, 27-unit masonry brick apartment building that is 100% occupied. Built in 1998, this property features 600 sqft units with 1 bedroom and 1 bath. It includes an underground sprinkler system and a spacious parking lot for residents.
Tenants are responsible for their electric bills, while the landlord covers water, trash, and electricity for the common laundry area. The laundry facilities include coin-operated machines owned by the landlord, providing an additional revenue stream.
This property offers a fantastic turn-key investment opportunity, generating stable income in a desirable location. Don’t miss out on the chance to expand your real estate portfolio!
For more information or to schedule a viewing, please contact us today!

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£115,255	£5.08
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£115,255	£5.08
Taxes	£4,359	£0.19
Operating Expenses	-	-
Total Expenses	£4,359	£0.19
Net Operating Income	-	-

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£115,255
Annual Per SF	£5.08

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£115,255
Annual Per SF	£5.08

Taxes
Annual	£4,359
Annual Per SF	£0.19

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£4,359
Annual Per SF	£0.19

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	£1,255,056	Building Class	C
Price Per Unit	£46,484	Lot Size	0.52 AC
Sale Type	Investment	Building Size	22,692 SF
No. Units	27	Average Occupancy	100%
Property Type	Residential	Number of Floors	3
Property Subtype	Apartment	Year Built	1998

Price	£1,255,056
Price Per Unit	£46,484
Sale Type	Investment
No. Units	27
Property Type	Residential
Property Subtype	Apartment
Building Class	C
Lot Size	0.52 AC
Building Size	22,692 SF
Average Occupancy	100%
Number of Floors	3
Year Built	1998

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
1+1	27	£405.93	600

1 of 1

PROPERTY TAXES

Parcel Number	115-16-0-30-35-007.02-0	Total Assessment	£28,488 (2024)
Land Assessment	£2,346 (2024)	Annual Taxes	£4,359 (£0.19/sf)
Improvements Assessment	£26,142 (2024)	Tax Year	2023