Listed by Foundations Commercial Real Estate
$3,200,000
2331 South Cedar Street, Ottawa, KS 66067
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,000
Units 44
Cap Rate 6.2%
NOI $198,495
Occupancy 77%
Tenancy Multi
Pro-Forma Cap Rate 10.67%
Pro-Forma NOI $100
Price per SqFt $145
Class B
Year Built 1985
Year Renovated 2023
Buildings 1
Stories 2
Lot Size (SqFt) 91,395
Zoning CS
Multifamily | 44 Units | $72,727/unit
Marketing description
This 44 unit Multi-Family property on the south side of Ottawa is available for sale. Recently renovated, the property is just off of the I-35 interchange, in close proximity to retail and commercial services. Currently 77% occupied, the property has plenty of upside potential for an investor-owner. An Offering Memorandum is included.
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Listed by Foundations Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$198,495.00
$16,541.25/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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