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Listed by Nicholas Lerner • McGrew Real Estate Inc
$ 644,900
Est. payment /mo
Active
911 Ohio ST Lawrence, KS 66044
5,850 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2624976
Year Built 1987
Annual Tax Amount $7,353
Lot Size 5,850 Sqft
Acres 0.13429752
Property Sub-Type Quadruplex
Source hmls
Property Description
Investor Alert! Turnkey 4-plex with Strong Rental Income in a Prime Lawrence Location Just North of KU. Here's an opportunity to acquire a quality investment property that checks all the boxes: location, condition, and reliable cash flow. 911 Ohio Street is a well-maintained 4-plex located in the Oread Neighborhood, offering a prime location conveniently situated between the University of Kansas and Downtown. This location continues to attract strong tenant demand from a variety of renter profiles. The current owner has built a reputation for thoughtfully renovating properties to a higher standard than the typical rental unit. Through strategic updates and improvements, this 4-plex has been positioned to attract quality tenants while achieving above-average rental rates. Two of the units feature 2 bedrooms and 1 bathroom while two of the units offer 1 bedroom and 1 bathroom. With new leases scheduled to commence at the end of July / beginning of August, the property will generate $5,125 per month in gross rental income through July 28, 2027,providing investors with immediate and predictable cash flow. Whether you're looking to expand an existing portfolio or acquire a turnkey investment in one of Kansas' most stable rental markets, this property deserves serious consideration. This property is professionally managed by Foxtail Real Estate Co., one of Lawrence's leading property management firms. For investors seeking a truly turnkey acquisition, Foxtail is prepared to continue management services after closing, providing a seamless transition of ownership and day-to-day operations. Buyers will benefit from established systems, tenant relations, and local market expertise from day one. Alternatively, the new owner retains the flexibility to self-manage or select the property management company of their choice. Rent rolls and financial information are available upon request. The provided interior photos are from the past before the units were occupied.
Location
State KS
County Douglas
Zoning M-3
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Separate Meters
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools New York
Middle Schools Central
High Schools Free State
School District Lawrence
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
GET MORE INFORMATION
Michael Green
Team Leader - Agent | License ID: 2019032997/CO90084900
+1(816) 560-5620 | michaelgreen52@yahoo.com