Origional Design 18-Plex located 1 block from KSU Campus and 1 Block from Aggieville. You can't get a better location. Currently Fully Rented. In the process of renewing and releasing for next school year. Easy Maintnence all Brick co 2bd rent for around $850/mo 3bd Rent for around $1050/mo Annual Rent: $198,480.00 Zoned RC - High density Residential Urban Core (refer to City Of Manhattan Zoning Regs) Also located in the Federal Qualified Tax Opportunity Zone (See IRS Wbsite for tax savings details) Current Taxes: $26,851.24 Current Insurance: $7500 (Farm Bureau) Annual Owner Paid Utilities: $22,944 TOTAL Water $893/House Electric $138/ Trash $132/Internet $749 (not calculated) The owner worked a deal with WTC to provide Cable/Internet for the whole bldg at $749/mo. This can be canceled anytime. It is currently included in rent.I would get rid of it as they turn over. This would set total utilities $13,308 annual NOI: 149,392 w/o cable/internet NOI $142,000 w/ Cable/internet
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Flint Hills MLS. The IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
