Newly completed in Fall 2014, Apartment on Sixth is a 286-unit, 286 bedroom multi-family project located on approximately 11.93 acres at the northwest corner of 6th Street and Congressional Drive in Lawrence, Kansas, home of the University of Kansas and over 30,000 students. The project is approximately 4 miles northwest of the university and, equally important, the project sits approximately one mile east of the South Lawrence Trafficway, which provides easy access to Interstate 70 for the city' s significant population of commuters working in Topeka (20 miles west) and Kansas City (35 miles east). The property is currently in lease-up with 80% occupancy. The owner projects 100% occupancy in Fall 2015.
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.