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Investors seeking an entry-level multifamily asset will find this apartment building on Claflin Road a practical addition to a portfolio. The property comprises two units in the heart of Manhattan, Kansas, a resilient submarket supported by its proximity to Kansas State University and the broader Flint Hills regional economy. The manageable scale of this building makes it an efficient option for those focused on small-scale residential holdings or portfolio expansion in a consistent college-town environment. Its functional layout serves the steady demand for rental housing common in this part of the state, where academic and community institutions provide a stable tenant base. With a straightforward configuration, this asset remains well-positioned for straightforward management strategies and long-term holding. The local market benefits from steady population activity driven by institutional presence, ensuring consistent interest in well-maintained rental residences. This sale provides an accessible opportunity to acquire a multi-unit investment within a established neighborhood of Manhattan.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.