3309 Indiana AVE, Topeka, KS 66605
- $618,000
- 2
- BD
- 1
- BA
- 920
- SqFt
- List Price
- $618,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- 246143
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 920
- Style
- Ranch
- Year Built
- 1952
Property Description
11-Unit Cash-Flowing Rental Portfolio – 10.5% Cap Rate – $618,000 Rare opportunity to acquire a diversified, cash-flowing rental portfolio in one transaction. This package includes 11 units across a mix of single family homes and duplexes, spread across established Topeka neighborhoods, delivering a 10.5% cap rate. Included Properties: 534 NE Grattan St 536 NE Grattan St 538 NE Grattan St 309 NE Twiss Ave 1232 NW Jackson Ave 3309 SE Indiana Ave 940 & 942 NE Poplar St (duplex) 1724 SE Pennsylvania Ave Up 1724 SE Pennsylvania Ave Down 1523 SW Western 9 of the 11 units are currently occupied and producing rental income, with 2 vacant units offering immediate upside for an incoming investor to set rents at market rate. Ideal for investors looking to scale a rental portfolio in established Topeka neighborhoods. Sold as a package at $618,000.
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Additional Information
- County
- Shawnee County
- Subdivision
- Highland Crest
- Taxes
- $652
- Elementary School
- Ross Elementary School/USD 501
- Middle School
- Eisenhower Middle School/USD 501
- High School
- Highland Park High School/USD 501
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Listing courtesy of KW One Legacy Partners, LLC.