RicciDillon
Cell:785-313-0550
ERAHighPointeRealty 785-539-3737
MLSClientView-MULTI-FAMILY
SchoolDistrict Manhattan-OgdenUSD 383
ElementarySchool BluemontElementary MiddleSchool DwightDEisenhower HighSchool ManhattanHigh TaxYear 2024
$16,267.50 Special
Subdivision TheWards CodeInspection(Y/N/Unk)
Compliant(Y/N/Unk) Yes CodeCompliance Insurance
Tot.SecurityDepositAmt
PetsAllowed(Y/N)
PetDeposit
CurrentVacancy% 0
PreviousYearVacancy% 0
PropertyMgmtCompany BasseProperties,LL
PropertyMgmtFee
GrossMonthlyIncome
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PropertyDesc.(Public) Modern12-UnitApartmentComplexNearKansasStateUniversity!Discoveraprimeinvestmentopportunitywiththiscontemporary12-unit apartmentcomplex,ideallysituatedjust1.5blocksfromKansasStateUniversityandthelivelyAggievilledistrict.Unitsboastanoriginal2-bedrm/2-bathdesignand comefullyequippedwithacompleteappliancepackage,includingin-unitwashersanddryers.Thepropertyfeaturesadedicatedparkinglotandisoutfittedwitha comprehensivesprinklerandfiresuppressionsystem,ensuringtenantsafety.Meticulouslymaintainedwithupdates,thiscomplexhasaprovenrentalhistorywith consistent100%occupancy,reflectingitsdesirabilityamongtenants.Itsunbeatablelocationoffersresidentseasyaccesstoeducationalfacilities,dining,shopping,
Directions
PROPERTYDESIGN/TYPE OriginalDesign
EXTERIOR BrickVeneer,ConcreteSiding,WoodFrame
BASEMENT/FINISH PouredConcrete,Slab
BASEMENT/LIGHTEXPOSURE None
CONSTRUCTIONTYPE SiteBuilt
ROOF AsphaltComposition,Lessthan20years
WATERTYPE/SEWERTYPE CityWater,CitySewer
FUEL Electric
HEATINGTYPE/DESIGN ForcedAirElectric,IndividualUnits
COOLINGTYPE Central
GARAGETYPE/PARKINGAREA None
FIREPLACE None
INTERIORAMENITIES EatingBar,KitchenIsland,PrimaryBath,PrimBdrm -Walk-inCloset
EXTERIORAMENITIES InGroundSprinklerSys,MaintenanceProvided, SecurityLight,SprinklerSystem
NEIGHBORHOODAMENITIES ExteriorMaintenance,Landscaping,LawnCare, Security,SnowRemoval
TENANTPAIDUTILITIES Electricity
FINANCING Cash,Conventional
POSSESSION AtClosing
UTILITIESTOPROPERTY CitySewer,CityWater,Electricity,HiSpeedIntrnt
ERAHighPointeRealty 2803ClaflinRoad
785-539-3737
1121Thurston12-Plex Original Constructionin 2008 $1,749,000.
Prime InvestmentOpportunity: Modern12-UnitApartmentComplexNear Kansas State University
Presenting a unique investment opportunity—a contemporary 12-unit apartment complex strategically located just 1.5 blocks from Kansas State University and the vibrant Aggieville district. This prime location ensures consistent demand, reflected in a strong rental history and 100% occupancy rate.
PropertyHighlights:
Proximity: A short walk to Kansas State University and Aggieville, offering tenants easy access to educational facilities, dining, shopping, and entertainment.
ModernDesign: Each unit features an original layout with high-quality construction, ensuring durability and tenant satisfaction.
Amenities: Units come equipped with a full appliance package, including in-unit washers and dryers, catering to modern living needs.
Safety: The property is fitted with a comprehensive sprinkler and fire suppression system, prioritizing tenant safety and meeting all regulatory standards.
Parking: A dedicated parking lot provides convenient and secure parking options for all residents.
Maintenance: The complex has been impeccably maintained, minimizing future repair costs and ensuring a hassle-free ownership experience.
This property stands out as a turnkey investment with its prime location, modern amenities, and proven rental performance. Ideal for investors seeking a reliable income stream in a thriving community.
Historical rental history is that the apartment is 100% occupied and quickly books up. Advertising costs run around $600/yr—books up between Nov 1 and Jan 31 for the next school year.
Here are some bullet points about the property:
RecentImprovements:
1. 50-year roof at the time of construction in 2008
2. New Exterior Sealing/Caulking and Paint in October 2023
3. 2022/2023, replace ALL HVAC (condenser unit and Furnace) in all Units.
4. 2023 replaced ALL Smoke Alarms in each apartment
5. Add rock to street side landscape where there was too much shade for grass to grow
6. Repaired downspouts on front of the building
7. Replace bathroom mirrors with wood-framed mirrors in most bathrooms
Maintenance:
1. Quarterly replacement of furnace filters since new HVAC installation
2. In 2024, we cleaned out all dry ventilation systems and inspected for blockage
3. Replace the inlet pressure release valve due to blockage that filtered through from the main water line.
4. Quarterly bug treatment
5. Interior Paint Colors Up to Date
Addedfeatures:
1. Dent-resistant sheet rock in stairwells
2. Fully automated Sprinkler system throughout the building
3. Front Yard Irrigation System
4. Quality construction (Andy Suber/Blue Mountain Capital)
5. Conduit from the Mechanical/Electrical room under the parking lot to the back side of the parking lot for future power needs
6. Security cameras and system installed
7. LED Security Lights installed on the exterior on all sides of the building
8. Cat5 cabling throughout the building to the Electrical room
9. Wireless Routers in Each Apartment
Othernotablepoints:
1. Apartments not separately metered for Water – water included in rent
2. Internet is included in rent
3. Trash service is included in the rent
4. Main floor – 3 different floor plans; 2nd and 3rd floor similar floor plans with the addition of 10 ft ceilings and ceiling fans on 3rd floor
5. All apartments are 2 bedroom/2 bathroom except unit 102 which is 2 bedroom / 1 bath
6. All apartments include full-size washers and dryers
7. All kitchen sinks include garbage disposals
8. Dishwashers and smooth top ovens in each apartment
9. Ceramic tile in all bathrooms and kitchens
10.Kitchen eating island in each unit
2/24/2025