A rare find! Fully occupied 6 large four bedroom 3 bath townhome units with a parking lot for sale as one package. $5,874.00 per month = Over $70,000.00 annual gross rent income. Turnkey investment property opportunity. Each of the 6 townhome units have 4 spacious bedrooms, 3 full baths, vanity with sink in some bedrooms, tile on main level, patio, kitchen, washer and dryer. Plenty of off street parking. Basketball goal. Located between the University of Kansas and Lawrence Memorial Hospital.
Crossgate Casitas is a 100% occupied complex comprised of 46 1-bedroom units completed in 2011. Each unit is approximately 540-sf. The complex sits off of one of Lawrence's major east-west thoroughfares. The property stays perpetually full because of its location and rents that are well below market and any other property in close proximity. Assets that are significantly older and in inferior locations are renting for more. Also, please note there is approximately $10,000 in special assessments that expire in 2017 and approximately $10,000 that expire in 2018. Please execute the attached Confidentiality Agreement prior to asking for diligence. The seller is highly motivated.