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1110 W 11TH ST CONCORDIA, KS 66901
- Other / Resale (MLS)
Property Details for 1110 W 11TH ST, CONCORDIA, KS 66901
Features
- Price/sqft: $31
- Lot Size: 297515 sq. ft.
- Stories: 100
- Heating: 24
Facts
- Year Built: 01/01/1984
- Property ID: 891292209
- MLS Number: 11291963
- Parcel Number: 083-05-0-20-01-001.01-0
- Property Type: Other
- County: CLOUD
- Legal Description: S05, T06, R03, ACRES 6.83, TR BEG 85.02' S & 162.25' W OF NE COR OF NW4; TH S 395.43', W 693.16', N 285.06', NWLY 218.62',
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. The Mount Joseph Apartments project in Concordia Kansas is an enticing real estate investment opportunity, especially with its prime location. Formerly Mount Joseph Senior Village, this 54,000 sqft single level brick building is being converted to 63 apartment units, which includes a spacious on site manager unit, gym, rec center, 3 coin op laundry rooms and a large courtyard for outdoor games, BBQ's and other social gatherings. When fully completed, Mount Joseph apartments will have 3 studios, 38 - 1 bedrooms, and 22 - 2 bedroom units, with gross income of $45,000 per month. Currently 2 wings are close to completion. A-wing has seven 2 bedroom units, 6 of which are 2 bedroom 2 bath units. C-wing has nine 1 bedroom 1 bath units and a 2 bedroom 1 bath unit. Upon completion (estimated 60 days), these 17 units will begin generating income of approximately $13,000 per month while construction continues on other wings. The building is well known in the area and the entire community is excited about the transformation to apartments. Beautiful brick exterior with 63 brand new units with white shaker cabinetry, stainless appliances, granite countertops and more. These units will be the newest and nicest in town. A brand-new road along the back of the property with 50+ new parking spaces was just completed. Mount Joseph sits on 6.83 acres nestled on the edge of town next to Lost Creek, which provides a serene and picturesque setting, which will be a major selling point for tenants seeking tranquility and natural surroundings. For those interested in real estate investment, Mount Joseph Apartments presents an opportunity worth considering, offering the potential for both immediate returns and long-term growth. For personal reasons, the current owner is selling as is, however construction continues. As more wings are completed, the listing price will be increased accordingly. If 50% completion is reached, the property will be taken off market permanently. This is an amazing property and could be the flagship property of any real estate portfolio. Don't wait or it will be gone one way or another.
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Property Brokerage:
Bowers Land And Home Realty LLC
500 State St
Concordia
KS
66901
Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.