501 Main St
- 94% Occupied with most leases being a year in length
- Rent average from $450-$475 on initial lease
- $75-$100 utility bill back payable monthly from each tenant
- Over 13% Cap Rate
- Value add over time, initial leases are from Lease Up period after renovations
Property Description
ntroducing an exceptional investment opportunity at 501 Main St in La Crosse, KS, just 25 miles from Hays. This freshly renovated 4,354 SF, 17-unit low-rise building is a prime opportunity for multifamily investors. Renovated in 2026, the property enjoys a high occupancy rate with year-long leases, offering exceptional cash flow potential. With 100% occupancy and its convenient location, this property represents a lucrative and strategic investment opportunity. Don't miss the chance to capitalize on this promising addition to your investment portfolio.
Broker Details
Berkshire Hathaway HomeServices of America PenFed Realty 316-640-7375
MLS ID: 423012159
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $499,000 |
| No. of Units: | 17 |
| Year Built: | 1951 |
| Lot Size: | 0.27 Acres |
| Opportunity Zone: | No |
| Price per unit: | $29,353 |
| Property Website | Click Here |
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