NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1.11 Acres

Last Sold October 15, 2020

41 Days on Market

Highlights

  • 48,274 Sq Ft lot
  • Fireplace
  • Combination Kitchen and Dining Room
  • Loft
  • Central Air
  • Private Entrance

About This Home

As of October 2020

Take advantage of this amazing value add 111 unit complex just east of the
heart of the capital of Kansas. Deer Creek Apartments is just over 2 miles
away from the thriving downtown Topeka area, across the street from one
of Topeka's largest employers, and blocks away from one of Topeka's
nicest parks. The property has been partially updated as units become
vacant over the last few years, but owner is moving on to another project.
Priced to sell immediately. Contact agent for full offering memorandum. Complex also has the potential to rehab several down buildings to make this a 146 unit package. There are plans already created for you to turn in an empty 16 unit building into 26 units, and also an inspection stating the ability to bring another partially burnt 8 unit building back online.

Last Agent to Sell the Property

Justin Bennett

EXP Realty LLC License #00241388 Listed on: 06/23/2020

EXP Realty LLC

Last Buyer's Agent

Justin Bennett

EXP Realty LLC License #00241388 Listed on: 06/23/2020

EXP Realty LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1961

Lot Details

  • 1.11

Home Design

  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Combination Kitchen and Dining Room
  • Loft
  • Carpet

Parking

  • 150 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Additional Features

  • Private Entrance
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 108-33-0-40-13-015-000
  • Property eligible for a tax abatement

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 111 Units
  • Gross Income $592,788

Property Details

Home Type

Condominium

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 51-75 Years
  • Legal Description: EASTBOROUGH GARDENS NO 2 , BLOCK B , Lot 1 , BLK B LTS 1-2-3-4-5-6-7-8 EASTBORO UGH GARDENS #2 SECTION 33 TOWNSHIP 11 RANGE 16
  • Major Repair Costs: 2000000.00
  • Major Repair Description: adding and rehabbing 44 additional units
  • Package: Yes
  • Year Built: 1961
  • Senior Community: No
  • Dining Area Features: Kit/Dining Combo
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Justin Bennett
  • List Office Mls Id: EXP2
  • List Office Name: EXP Realty LLC
  • List Office Phone: 913-451-6767
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 365000
  • Other Room Features: Balcony/Loft, Private Bath
  • Special Documents Required: No
  • Unit Type: 1 Bedroom, 2 Bedroom, 3 Bedroom, Manager Unit
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Interior Amenities: Private Entry
  • Basement: No
  • Fireplace: Yes
  • Flooring: Carpeted Floors
  • Laundry Features: Central Laundry
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Vinyl Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 150

Utilities

  • Cooling: Central Electric
  • Heating: Central Electric
  • Sewer: City/Public
  • Utilities: Ind Water Heaters, Multi-Unit Heat/Air
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Schools

  • School District: Topeka

Lot Info

  • In Floodplain: No
  • Zoning: R
  • Lot Size Area: 48274.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 48274.00
  • Parcel Number: 108-33-0-40-13-015-000

Rental Info

  • Existing Lease Terms: 12 Months, Other
  • Pets Allowed: Yes

Building Info

  • Number of Units Total: 111

Multi Family

  • Gross Income: 592788
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Advertising, All Utilities, Electricity, Legal, Maintenance, Property Insurance, Property Mgmt, Real Estate Tax, Refuse Collection, Sewer, Water

Tax Info

  • Tax Abatement: Yes

MLS Schools

  • School District: Topeka

Range of Values:

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Average Value
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List Price
Sold Price
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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
10/15/2020 10/15/20 Sold -- -- --
08/03/2020 08/03/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $3,500,000 -- --
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2227299

Heartland MLS