721&723 Ridgewood Drive

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

721&723 Ridgewood Drive

Manhattan, KS 66503
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).

  • Multifamily apartment building located in Manhattan Kansas
  • Asset features a total of two residential units
  • Property situated within the 66503 zip code area
  • Stable investment opportunity in a regional economic hub
  • Designed for consistent rental demand and occupancy

What's Special

Manhattan, Kansas serves as a robust economic hub anchored by a major public university and a diverse regional workforce. Situated in this stable rental market, 721 & 723 Ridgewood Drive presents a multifamily apartment building containing two residential units. The property occupies a functional footprint within the 66503 zip code, offering accessibility to local employment centers and essential neighborhood services. Given the consistent demand for rental housing in this college-oriented community, this asset represents a straightforward addition to an investment portfolio. The configuration of the units allows for versatile management strategies or potential long-term holding. Investors focused on the Manhattan submarket will find this building aligns with regional housing needs, providing a defined entry point into the local apartment sector. Its placement within the existing residential fabric of the area makes it a practical selection for those seeking to capitalize on steady occupancy trends typically found in the vicinity of Kansas State University and the surrounding commercial corridors.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

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

Location & Travel Times