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Prairie Hills Apartments 1000 Kennedy St 30 Unit Apartment Building $3,400,800 CAD ($113,360 CAD/Unit) Norton, KS 67654
Investment Highlights
- Opportunity to enhance returns through modernization and improved management.
- Located near local schools and community amenities, supporting tenant demand.
Executive Summary
This apartment complex in Norton, Kansas, offers a compelling investment opportunity in a market with steady rental demand. Built in 1980, the property spans approximately 1,638 square feet and sits on a generous 3.47-acre lot, providing ample space for parking and potential future improvements. The complex is designed in a garden-style layout and includes essential amenities such as air conditioning, heating, and full kitchens with ovens and ranges.
Located in Norton County, the property benefits from its position within a community-oriented environment and proximity to local services and schools. With an average occupancy of 47%, there is significant upside potential for investors to increase revenue through operational improvements and targeted renovations. This asset is well-suited for long-term hold strategies or repositioning to meet growing housing needs in the area.
Located in Norton County, the property benefits from its position within a community-oriented environment and proximity to local services and schools. With an average occupancy of 47%, there is significant upside potential for investors to increase revenue through operational improvements and targeted renovations. This asset is well-suited for long-term hold strategies or repositioning to meet growing housing needs in the area.
Property Facts
| Price | $3,400,800 CAD | Building Class | C |
| Price Per Unit | $113,360 CAD | Lot Size | 3.47 AC |
| Sale Type | Investment | Building Size | 1,638 SF |
| No. Units | 30 | Average Occupancy | 47% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1980 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $3,400,800 CAD |
| Price Per Unit | $113,360 CAD |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.47 AC |
| Building Size | 1,638 SF |
| Average Occupancy | 47% |
| No. Stories | 1 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | - | 800 |
| 3+1 | 16 | - | 1,000 |
1 1
Property Taxes
| Parcel Number | 088-34-0-20-02-004.00-0 | Improvements Assessment | $535 CAD |
| Land Assessment | $899 CAD | Total Assessment | $1,434 CAD |
Property Taxes
Parcel Number
088-34-0-20-02-004.00-0
Land Assessment
$899 CAD
Improvements Assessment
$535 CAD
Total Assessment
$1,434 CAD
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Prairie Hills Apartments | 1000 Kennedy St
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