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Christine & Toby Gallegos
Christine & Toby brokered by TopCity Realty
topekaksrealtors@gmail.com +1(785) 844-2605$ 644,900
Est. payment | /mo
2,930 SqFt
$ 644,900
Est. payment | /mo
2,930 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,930 sqft
Price per Sqft $220
MLS Listing ID 165792
Year Built 1987
Tax Year 2025
Property Sub-Type Quadruplex
Source lbor
Property Description
Investor Alert! Turnkey 4-plex with Strong Rental Income in a Prime Lawrence Location Just North of KU. Here's an opportunity to acquire a quality investment property that checks all the boxes: location, condition, and reliable cash flow. 911 Ohio Street is a well-maintained 4-plex located in the Oread Neighborhood, offering a prime location conveniently situated between the University of Kansas and Downtown. This location continues to attract strong tenant demand from a variety of renter profiles. The current owner has built a reputation for thoughtfully renovating properties to a higher standard than the typical rental unit. Through strategic updates and improvements, this 4-plex has been positioned to attract quality tenants while achieving above-average rental rates. Two of the units feature 2 bedrooms and 1 bathroom while two of the units offer 1 bedroom and 1 bathroom. With new leases scheduled to commence at the end of July / beginning of August, the property will generate $5,125 per month in gross rental income through July 28, 2027, providing investors with immediate and predictable cash flow. Whether you're looking to expand an existing portfolio or acquire a turnkey investment in one of Kansas' most stable rental markets, this property deserves serious consideration. This property is professionally managed by Foxtail Real Estate Co., one of Lawrence's leading property management firms. For investors seeking a truly turnkey acquisition, Foxtail is prepared to continue management services after closing, providing a seamless transition of ownership and day-to-day operations. Buyers will benefit from established systems, tenant relations, and local market expertise from day one. Alternatively, the new owner retains the flexibility to self-manage or select the property management company of their choice. Rent rolls and financial information are available upon request. The provided interior photos are from the past before the units were occupied.
Location
State KS
County Douglas
Zoning M-3
Rooms
Basement Slab
Interior
Interior Features High Speed Internet
Exterior
Utilities Available Electricity Connected
Building
Water Public
Schools
Elementary Schools New York
Middle Schools Liberty Memorial
High Schools Free State
Others
Ownership Investor
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
Listed by MCGREW REAL ESTATE
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