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1910 John F Kennedy Street, Pittsburg, KS 66762

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For Sale

$4,375,000

4.03 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • 4 acres
    Lot size

  • Basement
    Rooms

Explore this Property

The subject offering consists of 24 buildings and 37 units located throughout Pittsburg, Kansas. The non-contiguous portfolio is comprised of both single-family rentals (11 in total) and duplexes (13 in total) 22 legal parcels. Pittsburg, home of Pittsburg State University, is known as a college town with strong rental demand given its makeup. The portfolio is stabilized at 95% occupancy and currently owner-operated with a history of high occupancy. The portfolio offers a variety of floorplans including one-bedroom, two-bedroom and three-bedroom units as well as varying locations in central, northern and southern parts of Pittsburg. This portfolio has been acquired over time with the first rendition of renovations completed in 2016 to 13 units. Ownership continued to grow their portfolio, and over the last 3 years, has completed significant cap ex, including 7 to-the-stud renovations presenting as a turnkey products (94%). A large majority of these renovations were carried out in 2023 and 2024 (17 total) and the finish level varies by unit/building. Units/buildings in the portfolio feature central air or mini-splits for cooling, fully equipped kitchens, laundry, off-street parking and functional floorplans. Specific units/buildings feature garages (2), quartz countertops (14), granite (3), new windows (10), new roofs (10), new paint (24), tankless hot water systems (10), new cabinets (18) and new wiring (4). All buildings/units are separately metered for gas and electric. Two single-family rental buildings (609 & 611 E. 9th Street) are currently being renovated and will be completed prior to the sale of the portfolio. New ownership has the flexibility to sell buildings off individually over time to net higher overall profits or continue to manage the properties as-is with small incremental improvements over time.
MLS# 2539678

Courtesy Of Compass

(816) 280-2773

Property Features

  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Heating System
    Forced Air
  • Lot Size
    4.03 Acres
  • Rooms
    Basement

Map and Directions

Directions to 1910 John F Kennedy Street, Pittsburg, KS 66762

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† 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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