924 Washington AveWellington, KS 67152

For Sale
$395,000

18-Unit Multifamily, Excellent Condition

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 18-unit apartment building presents a compelling investment opportunity in Wellington, Kansas. Located at 924 S Washington Ave, this well-maintained Class B property boasts a substantial 20,678 square feet of space, offering a compelling price per square foot of $19.10. The asking price for this multifamily asset is $395,000, translating to an attractive price per unit of $21,944.44. Originally constructed as a hospital, the building features a unique layout ideal for its current use. Key features include a commercial kitchen with a large adjoining dining room, perfect for communal gatherings or catering events. Accessibility is ensured with an elevator and ramp, catering to a diverse range of tenants. Multiple floors offer various entry points, enhancing convenience. Several large rooms are adaptable for a variety of uses, including meetings, classrooms, or family rooms, providing flexibility for future development or tenant needs. The building's brick construction and corner lot location add to its curb appeal and visibility. Situated in Sumner County, Kansas, with a zip code of 67152, this property offers a strong foundation for a profitable investment. The building's history and current configuration provide a unique opportunity for an investor seeking a well-established, multi-use property in a stable market. This is a rare chance to acquire a substantial multifamily property with significant potential for growth and return on investment.

Highlights

  • 18-unit apartment building in Wellington, Kansas, offering 20,678 square feet at $19.10/SF.
  • Asking price: $395,000 ($21,944.44 per unit).
  • Class B property with elevator and ramp, multiple entry points, and adaptable large rooms.
  • Features a commercial kitchen and large dining room.
  • Brick building on a corner lot in Sumner County, KS (zip code 67152).

Property Details for 924 Washington Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
20,678 SF
Class
B
Units
18

Location Insight

City
Wellington
County
Sumner
State
Kansas
Latitude
37.2570154
Longitude
-97.3981757
924 Washington Ave, Wellington, Kansas

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924 Washington Ave
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