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Outstanding opportunity to own a fully rented, income-generating 9-unit apartment building with off-street parking. The property features a mix of one- and two-bedroom units, with current rents ranging from $675 to $840, and a gross annual income of $78,396. Recent improvements include a newly resealed roof (07/2025), several recently updated units, new washer (2024). Tenants have access to an on-site coin-operated laundry area. Multiple units have passed local housing authority inspections"”meeting all standards for habitability, safety, and functionality. All units are under standard lease agreements and managed by a licensed property manager. Owner pays gas, water, and trash; tenants pay electric (heat is electric baseboard). Photos from prior rental listings. This is a true turnkey investment with strong cash flow and minimal upkeep"”ideal for investors looking for a stable, professionally managed asset.
DAYS ON MARKET | 2 | LAST UPDATED | 7/24/2025 |
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YEAR BUILT | 0 | COMMUNITY | =New Castle/1st" class="dsidx-reg-link">New Castle/1st |
COUNTY | Lawrence | STATUS | Active |
PROPERTY TYPE(S) | Multi Family |
ADDITIONAL DETAILS | |
AREA | New Castle/1st |
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BASEMENT | Yes |
CONSTRUCTION | Brick |
LOT | 10498 sq ft |
LOT DIMENSIONS | 0.241 |
PARKING | Off Street |
TAXES | 5885 |
UTILITIES | Electricity Available, Natural Gas Available, Other, Sewer Available, Water Available |
ZONING | C |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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