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515 Roosevelt St, Sabetha, KS 66534

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For Sale

$2,400,000

48 baths • 13 half baths • 63,600 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • $37.74
    Price per square foot

  • 21-30 Years Old
    Age

Explore this Property

Discover a rare investment opportunity with this well-established, fully rented 36-unit apartment complex located in the thriving community of Sabetha, Kansas. Built in 2000 and meticulously maintained, this property offers a diverse unit mix, including (12) 2-bedroom, 1.5-bath townhouse apartments, (12) 2-bedroom, 1-bath apartments, and (12) 3-bedroom, 2-bath apartments. Each of the 36 units comes with a dedicated garage space, washer and dryer hookups, and a fully equipped kitchen featuring a dishwasher, refrigerator, and oven/range. The complex spans nearly 6 acres and includes over 64,000 square feet of finished living space, over 10,000 square feet of garage space, and a 1,282-square-foot building used for offices and maintenance. Recent major updates include new exterior paint of the entire facility in 2019, all roofs replaced in 2017, some units have new(er) flooring, and hot water heaters and HVAC units have been upgraded as needed. Residents enjoy a beautifully landscaped setting with lush green lawns and shared amenities such as a playground, basketball court, charcoal grills, and ample seating areas. With a strong local economy boasting a 2:1 job-to-resident ratio, the complex maintains over 95% occupancy and has a waiting list for new tenants-testament to the high demand for quality rental housing in the area. Long-term tenants and ongoing updates to individual units further highlight the stability and care of this property. Recent capital improvements include over $40,000 in pavement upgrades, ensuring a turnkey experience for the next owner. Ideally situated near parks, ballfields, a splash park, walking trails, and just blocks from downtown Sabetha, this property represents an exceptional opportunity for investors seeking immediate cash flow and long-term value. A seasoned property manager is available to assist in a smooth ownership transition.
MLS# 11505234

Courtesy Of Rolling Hills Realty

(785) 284-3774

Property Features

  • Age
    21-30 Years Old
  • Architecture Style
    Other
  • Floor Covering
    Carpet
  • Heating System
    Forced Air
  • Lot Size
    5.91 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 515 Roosevelt St, Sabetha, KS 66534

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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 Gold Team-REALTORS®

(785) 762-2521
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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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