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1505 Linn Street, 
Valley Falls, KS 66088

$595,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Heidi Petesch

Better Homes And Gardens Real

785-367-4747

Last updated:

June 10, 2025, 02:35 PM

MLS#

239155

Source:

KS TAAR

About This Home

1505 Linn Street

What a fantastic investment opportunity! This 15-unit apartment complex in Valley Falls, KS cashflows on day 1 with a 10% cap rate. This complex will be an excellent addition to any real estate portfolio. Or the perfect opportunity to skip the side hustle and jump straight into self-employment as the acting property manager. All mechanicals and major maintenance have been completed to provide a solid foundation of steady income for years. -Monthly rent at 100% occupancy: $12,065 -75% of current leases are open on month-to-month terms -Annual income of $144,780 -Seller financing available -Complete document package by request -Coordinated handoff with current property manager after closing This property is a unique cashflow opportunity; no sweat equity is necessary. Unit Summary -6 One-bedroom, One-bathroom units -7 Studio units -Two-bedroom, two-bathroom unit with basement and private laundry -Three-bedroom, two-bathroom unit with private laundry and balcony -On-site gym with half bath -Two seperate laundry rooms (4 washers, 4 dryers total) Schedule your showing today!

Home Facts

Multi-Family

Built in 1998

Price Summary

595,000

MLS #:

239155

Last Updated:

June 10, 2025, 02:35 PM

Added:

1 month(s) ago


Structure

Structure

Year Built:

1998


Finances & Disclosures

Finances

Price:

$595,000

Source:KS TAAR
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Contact an Agent

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.