21 W 7th is a 12 unit apartment complex located in Fort Scott, Ks. The 3 story property has a brick exterior with updated vinyl accents. All 12 units are 1 bedroom 1 bathroom units with an approximate size of 500 sq. ft(buyer to confirm). Four units include a balcony on the front of the building. Most units have updated tile counter tops in the kitchens, carpet (in bedrooms and main area) and vinyl flooring in kitchen and bathrooms. Every unit includes a refrigerator and range/oven, all windows have updated vinyl blinds. Units have either electric p-tac units or central heat and air. Shared washer and dryer in basement for all tenants. Each unit is individually metered for electric. The property has a secured common entry. Other security features include interior and exterior cameras, security lights on front and back of the building, and fire alarm monitoring system. Off street parking is provided at the back of the building. Currently 10 of the 12 units are leased on month to month contracts. Historic occupancy has been above 90%. Units are rented for an average of $500/month with the owner paying all utilities. Property is in good condition but has room for additional value added improvements. Property valued at estimated 10%+ cap rate.
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| 4/30/2021 2:00:00 AM |