Leavenworth, KS 66048,3508-3530 Wilson AVE
Leavenworth, KS 66048,3508-3530 Wilson AVE
Leavenworth, KS 66048,3508-3530 Wilson AVE
Listed by Alex Olson • Legendary Apartment Brokers
$3,300,000
Est. payment /mo
$3,300,000
Est.Price: ?

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0.92 Acres Lot
SOLD DATE : 10/18/2024

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 Sub-Type Apartment

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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Heartland MLS KS / Southeast Kansas AOR

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agent

New Heights KC LLC

+1(913) 600-8326

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