1505 Linn Street, Valley Falls, KS 66088

What a fantastic investment opportunity! This 15-unit apartment complex in Valley Falls, KS cashflows on day 1 with a 10% cap rate. This complex will be an excellent addition to any real estate portfolio. Or the perfect opportunity to skip the side hustle and jump straight into self-employment as the acting property manager. All mechanicals and major maintenance have been completed to provide a solid foundation of steady income for years. -Monthly rent at 100% occupancy: $12,065 -75% of current leases are open on month-to-month terms -Annual income of $144,780 -Seller financing available -Complete document package by request -Coordinated handoff with current property manager after closing This property is a unique cashflow opportunity; no sweat equity is necessary. Unit Summary -6 One-bedroom, One-bathroom units -7 Studio units -Two-bedroom, two-bathroom unit with basement and private laundry -Three-bedroom, two-bathroom unit with private laundry and balcony -On-site gym with half … read more …