207 S Washington St,Marquette, KS 67464
Marquette, KS 67464
Description
Exceptional investment opportunity in Marquette, Kansas! This 12-unit multifamily property offers immediate income with excellent value-add potential. The property includes 10 one-bedroom units renting for approximately $500-$550 per month and two two-bedroom units renting for approximately $600 per month. The property currently participates in the Kansas Housing Resources Corporation (KHRC) rental assistance program and maintains strong occupancy. Each apartment features a private exterior entrance, secure interior access, covered patio, washer/dryer hookups, refrigerator, range, and its own electric meter for simplified utility management. Originally designed with assisted-living-style amenities, the property also includes spacious common areas, a shared kitchen, common laundry facilities, and an additional common restroom. The flexible layout offers potential for continued multifamily use or other residential opportunities, subject to buyer verification and applicable approvals. While some cosmetic updates could further enhance the property, it is currently producing income and offers investors the opportunity to increase value and future returns. A rare opportunity to acquire a well-designed, income-producing property with strong upside in a growing small-town Kansas community.
Details
| MLS # | 676048 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2003 |
| Days On Site | 38 |
| Listing Provided By | Millwood Realty, Inc. | Christine Fryer |
Features
| SQ Feet | 9,782 |
|---|---|
| Units | 12 |
| Acreage | 0.96 |
Interior
| Flooring | Carpet, Other |
|---|
Parking
| Parking Features | 1 per Unit |
|---|
Taxes
| Property | 3952 |
|---|
Area Information
| State | KS |
|---|---|
| County | McPherson |
| City | Marquette |
| Zip Code | 67464 |
| School District | SCKMLS |
| School District | Smoky Valley |
| Elementary School | Soderstrom |
| High School | Smoky Valley |
| Listing VS Median (in 67464) | |
Price: $622,000 low | high Med: $249,000 sqft: 9,782 low | high Med: 1,702 $ / sqft: $64 low | high Med: $146 On site: 38 low | high Med: 481 | |
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Learn More About This Property
| State | KS |
|---|---|
| County | McPherson |
| City | Marquette |
| Zip Code | 67464 |
| School District | SCKMLS |
| School District | Smoky Valley |
| Elementary School | Soderstrom |
| High School | Smoky Valley |
| Listing VS Median (in 67464) | |
Price: $622,000 low | high Med: $249,000 sqft: 9,782 low | high Med: 1,702 $ / sqft: $64 low | high Med: $146 On site: 38 low | high Med: 481 | |