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Manhattan,KS 66502
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250818
Full Baths 18
Half Baths 8
Originating Board flinthills
Year Built 1986
Annual Tax Amount $27,186
Tax Year 2024
Lot Size 0.517 Acres
Property Sub-Type Multi Family
Property Description
Original Design 18-Plex located 1 block from KSU Campus and 1 Block from Aggieville. Fully Rented minus one unit being remodeled. . In the process of renewing and releasing for next school year. Easy Maintnence all Brick construction. Annual Rent: $198,480.00 (fully rented) Zoned RC - High density Residential Urban Core (refer to City Zoning Regs) Also located in the Federal Qualified Tax Opportunity Zone (See IRS Wbsite for tax savings details) Current Insurance: $7500 (Farm Bureau) Annual Owner Paid Utilities: $22,944 TOTAL Water $893/House Electric $138/ Trash $132/Internet $749 (not calculated) The owner currently provides internet to the tenants through WTC at a rate of $39/unit/mo. WTC retail is $59/unit/mo. The owner has opted to provide this as a service but the next owner could easily offset this expense by adding a Utility Fee and passing the expense on to the tenant. NOI: $149,392 w/o cable/internet NOI $142,000 w/ Cable/internet
Location
State KS
County Riley
Zoning RC
Rooms
Basement Poured Concrete,Finished
Interior
Cooling Central Air
Fireplaces Type None
Exterior
Exterior Feature Deck
Fence None
Building
Structure Type Brick
Schools
School District Manhattan-Ogden Usd 383