940/942 NE Poplar ST
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.
Broker Details
Keller Williams One Legacy Partners LLC (785) 246-8075
MLS ID: habiger State License Number: 00051888
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $618,000 |
| No. of Units: | 2 |
| Year Built: | 1940 |
| Opportunity Zone: | No |
| Price per unit: | $309,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TAARKS-246145
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