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123 E Broadway St

Newton, KS 67114
  • $425,000
  • STATUS: Active
  • MLS #: 615114
New
UPDATED: 50 min ago
$425,000
  • 0
    BEDS
  • 15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,600
    SQFT
  • $64
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Information

Elementary School:
Middle School:
High School:

Listing information © 2022 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Mike Weber of J.P. Weigand & Sons.




Description

Commercial SQ FT is 8,712, Residential SQ FT is 6,600. This Property has a unique blend of Commercial Office Space and Residential Apartments that provide a good cash flow to help with the overhead for an owner/occupier for the commercial space that can be opened up to approx. 8,000 sf of commercial space or leave it as 2 spaces or up to 6 smaller offices as configured now. The Residential piece is comprised of 6 one bedroom, one bath, 600+ sf with appliances included apartment. An exceptional three-bedroom, one bath, with over 2,300 sf of space and a 1,000+ sf Living Room. All of the apartments have been remodeled in the last 4 years to just finishing one of them. There are two entrances to the front of the building to Broadway or the rear of the building with more parking. The City of Newton has a public parking lot that is well lighted at night and maintained by the city that is utilized by the commercial customers and employees and Residential Tenants as well. Current Rent Roll on the apartments is for just 6 apartments with one being remodeled is $3,195.00. Rent for the remodeled apartment will be at $500 - 550.00 a month. The Commercial part has two businesses in them. One of the businesses is building a new building and is projected to be their new building mid next year. The other Tenant is leased until 2024. The other offices are vacant, and walls can be removed or build to suit for any new Tenants. There is storage in the rear at approx. 2,000 sf. Current Rent Roll is $2,648 a month, with a potential of $4,000.00+ of income. Utilities are paid by the tenant by sf leased. Agent is to verify Schools.

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This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2022 South Central Kansas Multiple Listing Service, Inc. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-08-08T21:01:08.74.
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123 E Broadway St Newton, KS 67114

  • Price: $425,000
  • Status: Active
  • On Site: Days
  • Updated: 50 min ago
  • MLS #: 615114
0
Beds
0
Baths
0
½ Baths
15
Acres
6,600
SQFT
$64
$/SQFT
1949
Built
Neighborhood:
H36 - NE Newton
County:
Harvey
Area:
H36 - NE Newton
Elementary School:
Cooper
Middle School:
Santa Fe
High School:
Newton
School District:
Newton School District (Usd 373)
Property Description
Commercial SQ FT is 8,712, Residential SQ FT is 6,600. This Property has a unique blend of Commercial Office Space and Residential Apartments that provide a good cash flow to help with the overhead for an owner/occupier for the commercial space that can be opened up to approx. 8,000 sf of commercial space or leave it as 2 spaces or up to 6 smaller offices as configured now. The Residential piece is comprised of 6 one bedroom, one bath, 600+ sf with appliances included apartment. An exceptional three-bedroom, one bath, with over 2,300 sf of space and a 1,000+ sf Living Room. All of the apartments have been remodeled in the last 4 years to just finishing one of them. There are two entrances to the front of the building to Broadway or the rear of the building with more parking. The City of Newton has a public parking lot that is well lighted at night and maintained by the city that is utilized by the commercial customers and employees and Residential Tenants as well. Current Rent Roll on the apartments is for just 6 apartments with one being remodeled is $3,195.00. Rent for the remodeled apartment will be at $500 - 550.00 a month. The Commercial part has two businesses in them. One of the businesses is building a new building and is projected to be their new building mid next year. The other Tenant is leased until 2024. The other offices are vacant, and walls can be removed or build to suit for any new Tenants. There is storage in the rear at approx. 2,000 sf. Current Rent Roll is $2,648 a month, with a potential of $4,000.00+ of income. Utilities are paid by the tenant by sf leased. Agent is to verify Schools.
Exterior Features

Architecture Other Construction All BrickConcrete Blocks Lot Size Or Sq Ft 10890 Parking PavedStreet Parking Parking1 5 Roof Other/See Remarks

Interior Features

1 Bed Units 6 3 Bed Units 1 Appliances Over/RangeRefrigerator Basement None Basement Finish None Basement Use None Cooling Individual UnitCentral ElectricWindow Unit Heating Natural Gas Levels Two

Property Features

Age 51 - 80 Years Flood Insurance Unknown Gross Income 5843 HOA No Multifamily Type Apartment Complex Owner Finance No Owner Paid Expenses ElectricGasParkingTrashWater/Sewer Ownership Corporate Property Taxes 6845.08 Rent1 Bed Unit $500.00 - $550.00 Rent3 Bed Unit $995.00 Sale Or Rent For Sale Sq Ft Source Court House Tax Specials Annual 166 Tax Specials Total 166 Tax Year 2021 Tenant Paid Expenses Electric Terms Of Lease 1 Year Or More6 Months To 1 YearMonth To Month Utilities Natural GasPublicSewer

Listing courtesy of Mike Weber of J.P. Weigand & Sons.


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2022 South Central Kansas Multiple Listing Service, Inc. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-08-08T21:01:08.74.
 
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12007 E 13th St N
Wichita KS, 67206

Listing information © 2022 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Mike Weber of J.P. Weigand & Sons.