1017 Laramie Street

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1017 Laramie Street

Manhattan, KS 66502
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Six-unit multifamily apartment building located in Manhattan Kansas
  • Asset situated at 1017 Laramie Street in a regional market
  • Multifamily property positioned for stable local residential rental demand
  • Building located near core infrastructure within a university town
  • Investment property suitable for portfolios focused on small-scale residential

What's Special

This 6-unit apartment building at 1017 Laramie Street provides a multifamily investment in Manhattan, Kansas. The property sits within a city defined by its strong connection to regional education and agricultural research sectors. Manhattan maintains a steady rental demand driven by its local university presence and growing regional economy. Investors seeking a small-scale residential asset will find this location offers proximity to essential services and transport corridors characteristic of a well-established Midwestern college town. The site supports stable residential occupancy through its functional configuration and accessible placement. With its manageable unit count, this building serves as a straightforward addition to a regional investment portfolio focused on the growing suburban and academic markets within the metro area.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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