This is your chance to buy one of the best performing apartment buildings you'll find in the Manhattan area. Priced at a 9.87% capitalization rate and 10.38% cash-on-cash with nearly every unit having been remodeled in the past five years. Current rent income is $4,075/mo with 10 of 11 units occupied. Unit breakdown is 6 1-bedrooms and 5 2-bedrooms with coin-op laundry on site leased through Jetz. Each unit pays a $50/month utility fee. Landlord pays water/sewer (billed back to tenants through RUBS), propane (5 year-old tankless central water heater is the only propane appliance in the building), trash, common area electric and lawn. Eight of the 11 units have PTAC units in each room while the three basement units have traditional electric central heat/air. 7 of the 8 upstairs units have been remodeled in the last five years. Basement units built out from the studs three years ago. Call Scott or Keith today for more info.
The median home value in Leonardville, KS is $163,400. This is lower than the county median home value of $229,300. The national median home value is $338,100. The average price of homes sold in Leonardville, KS is $163,400. Approximately 54.84% of Leonardville homes are owned, compared to 17.1% rented, while 28.07% are vacant. Leonardville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Leonardville real estate agent to arrange a tour today!
Leonardville, Kansas has a population of 628. Leonardville is more family-centric than the surrounding county with 32.12% of the households containing married families with children. The county average for households married with children is 31.44%.
The median household income in Leonardville, Kansas is $56,875. The median household income for the surrounding county is $53,296 compared to the national median of $69,021. The median age of people living in Leonardville is 49.2 years.
The average high temperature in July is 90.2 degrees, with an average low temperature in January of 16.8 degrees. The average rainfall is approximately 31.2 inches per year, with 13.9 inches of snow per year.