$3,300,000
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3508-3530 Wilson AVE Leavenworth, KS 66048
0.92 Acres Lot
Key Details
Sold Price $3,300,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2499234
Sold Date 10/18/24
Originating Board hmls
Year Built 1976
Annual Tax Amount $30,000
Lot Size 0.918 Acres
Acres 0.9182736
Property Description
40 units. 38 are 1BR 1BA, 2 are 2BR 1BA. This is an as-is 7% cap rate with proven ability to hit a 9% cap. Exceptionally high occupancy history, well maintained and professionally operated. This is a GEM that you need to see. Each one bedroom unit is very spacious (see photos and tours) with many upgrades and modern finishes. Every unit has it's own exterior access - reducing owner expenses (hallway CAM) and gives tenants sense of privacy (stay longer, rent faster). A beautiful pool attracts great rents and great tenants. All units have modern comfort of central heating and cooling with many updated heating and cooling elements. Located next to University of Saint Mary, VA Medical Center, region's hospital, and all major retailers and job centers for the county. Sandwiched between Leavenworth and Lansing and just north of downtown KC, this is a exceptional asset that is easy to operate and gives any new ownership group in place cash flow. Upgrade units by adding washer and dryer in unit to get top of market rents, finish remaining units to more high end finishes. Sell off parcels over time, build additional units, or keep for long term wealth. Includes 69 Ash, 59 ash and the Wilson properties (8 total parcels). 59 ash is a vacant lot zoned residential - build additional units, a house to flip or maintain for resident privacy.
Location
State KS
County Leavenworth
Zoning R-MF
Interior
Heating Electric, Natural Gas
Cooling Electric
Fireplace N
Appliance Dishwasher, Disposal, Refrigerator, Free-Standing Electric Oven
Laundry Central Laundry
Exterior
Parking Features false
Pool Inground
Utilities Available Ind Heat And Air, Ind Water Heaters
Amenities Available Pool
Roof Type Composition
Building
Story 3
Sewer City/Public
Water Public
Structure Type Brick & Frame,Concrete,Slab Construction
Schools
School District Leavenworth
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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