1111 Vattier

Manhattan, KS 66502

Origional Design 18-Plex located 1 block from KSU Campus and 1 Block from Aggieville. You can't get a better location. Currently Fully Rented. In the process of renewing and releasing for next school year. Easy Maintnence all Brick co 2bd rent for around $850/mo 3bd Rent for around $1050/mo Annual Rent: $198,480.00 Zoned RC - High density Residential Urban Core (refer to City Of Manhattan Zoning Regs) Also located in the Federal Qualified Tax Opportunity Zone (See IRS Wbsite for tax savings details) Current Taxes: $26,851.24 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 worked a deal with WTC to provide Cable/Internet for the whole bldg at $749/mo. This can be canceled anytime. It is currently included in rent.I would get rid of it as they turn over. This would set total utilities $13,308 annual NOI: 149,392 w/o cable/internet NOI $142,000 w/ Cable/internet

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Broker Office Phone Number: 785-320-2828

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