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Original Design 18-Plex located 1 block from KSU Campus and 1 Block from Aggieville. Fully Rented minus one unit being remodeled. . In the process of renewing and releasing for next school year. Easy Maintnence all Brick construction.  Annual Rent: $198,480.00 (fully rented)  Zoned RC - High density Residential Urban Core (refer to City Zoning Regs)  Also located in the Federal Qualified Tax Opportunity Zone (See IRS Wbsite for tax savings details)   Current Insurance: $7500 (Farm Bureau) Annual Owner Paid Utilities: $22,944 TOTAL Water $893/House Electric $138/ Trash $132/Internet $749 (not calculated)  The owner currently provides internet to the tenants through WTC at a rate of $39/unit/mo. WTC retail is $59/unit/mo. The owner has opted to provide this as a service but the next owner could easily offset this expense by adding a Utility Fee and passing the expense on to the tenant.  NOI: $149,392 w/o cable/internet NOI $142,000 w/ Cable/internet

66502

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1111 Vattier St, Manhattan, KS 66502

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