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1505 Linn Street, Valley Falls, KS 66088

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For Sale

$595,000

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 21-30 Years Old
    Age

Explore this Property

What a fantastic investment opportunity! This 15-unit apartment complex in Valley Falls, KS cashflows on day 1 with a 10% cap rate. This complex will be an excellent addition to any real estate portfolio. Or the perfect opportunity to skip the side hustle and jump straight into self-employment as the acting property manager. All mechanicals and major maintenance have been completed to provide a solid foundation of steady income for years. -Monthly rent at 100% occupancy: $12,065 -75% of current leases are open on month-to-month terms -Annual income of $144,780 -Seller financing available -Complete document package by request -Coordinated handoff with current property manager after closing This property is a unique cashflow opportunity; no sweat equity is necessary. Unit Summary -6 One-bedroom, One-bathroom units -7 Studio units -Two-bedroom, two-bathroom unit with basement and private laundry -Three-bedroom, two-bathroom unit with private laundry and balcony -On-site gym with half bath -Two seperate laundry rooms (4 washers, 4 dryers total) Schedule your showing today!
MLS# 239155

Courtesy Of Wostal Realty

(785) 367-4747

Property Features

  • Age
    21-30 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Radiant

Map and Directions

Directions to 1505 Linn Street, Valley Falls, KS 66088

Home seller CENTURY 21 Monument Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Monument Real Estate

(620) 757-5519
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Copyright © 2025 Sunflower Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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