$1,850,000
$50K PRICE DROP

Estimated payment $12,484/month

Total Views 7,905
44 Beds
26 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.51 Acre Lot
  • Deck
  • Brick or Stone Mason
  • Manhattan High School Rated A
  • No HOA
  • Central Air

About This Home

Original Design 18-Plex located 1 block from KSU Campus and 1 Block from Aggieville. Fully Rented minus one unit being remodeled. . In the process of renewing and releasing for next school year. Easy Maintnence all Brick construction. Annual Rent: $198,480.00 (fully rented) Zoned RC - High density Residential Urban Core (refer to City Zoning Regs) Also located in the Federal Qualified Tax Opportunity Zone (See IRS Wbsite for tax savings details) Current Insurance: $7500 (Farm Bureau) Annual Owner Paid Utilities: $22,944 TOTAL Water $893/House Electric $138/ Trash $132/Internet $749 (not calculated) The owner currently provides internet to the tenants through WTC at a rate of $39/unit/mo. WTC retail is $59/unit/mo. The owner has opted to provide this as a service but the next owner could easily offset this expense by adding a Utility Fee and passing the expense on to the tenant. NOI: $149,392 w/o cable/internet NOI $142,000 w/ Cable/internet

Listing Agent

Greg Shosa

Alliance Realty License #SP00228817 Listed on: 03/31/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,186

Year Built

  • Built in 1986

Parking

  • Paved Parking

Home Design

  • Brick or Stone Mason

Bedrooms and Bathrooms

  • 44 Bedrooms

Additional Features

  • Deck
  • 0.51 Acre Lot
  • Central Air
  • Finished Basement

Listing and Financial Details

  • Security Deposit $1,080

Community Details

Overview

  • No Home Owners Association
  • 18 Units

Building Details

  • Gross Income $16,915

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,186

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Road Surface Type: Concrete
  • Year Built: 1986
  • Tax Year: 2024
  • PricePerSqFt: 82.22
  • DistressedProperty: Not Applicable
  • GeneralTaxes: 27186.02
  • PropertyManagementCompany: self managed
  • FHR_SecurityDeposit: 1080
  • Special Features: None

Interior Features

  • Basement: Concrete, Finished
  • Full Bathrooms: 18
  • Half Bathrooms: 8
  • Total Bedrooms: 44
  • Fireplace Features: None
  • NumberConformingBedrooms: 44

Exterior Features

  • Acres: 0.51
  • Construction Type: Brick
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Paved

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Manhattan-Ogden USD 383

Lot Info

  • Fencing: None
  • Zoning: RC
  • Lot Size Sq Ft: 22500

Multi Family

  • Number Of Units Total: 18
  • Annual Gross Income: 16915
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 27186.02

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Price Changed $1,850,000 -2.6% --
03/31/2025 03/31/25 For Sale $1,900,000 -- --
Source: Flint Hills Association of REALTORS®

Source: Flint Hills Association of REALTORS®

MLS Number: FHR20250818

Flint Hills Association of REALTORS®