REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Cherry Steinkuehler

cherrysteinkuehler@gmail.com +1(785) 979-4005

Listed by Patrick Habiger • KW One Legacy Partners, LLC

$ 618,000

Est. payment | -/mo

2 Beds

1 Bath

872 SqFt

Save

$ 618,000

Est. payment | -/mo

Save

2 Beds

1 Bath

872 SqFt

Key Details

Property Type Single Family Home

Sub Type Package of Properties

Listing Status Active

Purchase Type For Sale

Square Footage 872 sqft

Price per Sqft $708

Subdivision C R Jones Addn

MLS Listing ID 246138

Style Bungalow

Bedrooms 2

Full Baths 1

Abv Grd Liv Area 872

Year Built 1900

Annual Tax Amount $803

Lot Dimensions 125x75

Property Sub-Type Package of Properties

Source sunflower

Property Description

11-Unit Cash-Flowing Rental Portfolio – 10.5% Cap Rate – $618,000 Rare opportunity to acquire a diversified, cash-flowing rental portfolio in one transaction. This package includes 11 units across a mix of single-family homes and duplexes, spread across established Topeka neighborhoods, delivering a 10.5% cap rate. Included Properties: 534 NE Grattan St 536 NE Grattan St 538 NE Grattan St 309 NE Twiss Ave 1232 NW Jackson Ave 3309 SE Indiana Ave 940 & 942 NE Poplar St (duplex) 1724 SE Pennsylvania Ave Up 1724 SE Pennsylvania Ave Down 1523 SW Western 9 of the 11 units are currently occupied and producing rental income, with 2 vacant units offering immediate upside for an incoming investor to set rents at market rate. Ideal for investors looking to scale a rental portfolio in established Topeka neighborhoods. Sold as a package at $618,000. Contact the listing agent for rent roll, income and expense details, and showing instructions.

Location

State KS

County Shawnee County

Direction NE Seward Ave to Grattan, North on Grattan (one-way) to property.

Rooms

Basement Crawl Space, Outside Entry Only

Interior

Interior Features Carpet

Flooring Vinyl

Fireplace No

Laundry Main Level

Exterior

Roof Type Composition

Building

Faces NE Seward Ave to Grattan, North on Grattan (one-way) to property.

Architectural Style Bungalow

Structure Type Vinyl Siding

Schools

Elementary Schools State Street Elementary School/Usd 501

Middle Schools Chase Middle School/Usd 501

High Schools Highland Park High School/Usd 501

Others

Tax ID R22432

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(785) 979-4005

cherrysteinkuehler@gmail.com

Topeka, KS, USA

534 NE Grattan ST Topeka, KS 66616