Maple Grove Apartments
19-Unit Rental Complex For Sale
600 3rd St, Downs, KS 67437

An 19-unit apartment complex which is currently rented at near capacity with 18 total units currently under lease agreements. There is a 19th unit which is currently used for storage but has the potential to be turned back into a rentable unit.

Ability to convert the “clubhouse” into a private living quarters for on-site owners. The clubhouse unit offers meeting space, a kitchen, bathrooms and on-site laundry facility (for tenants). A number of the units have been updated or remodeled…this is a well maintained and turn-key offering.

Property Overview:

Units:
Utilities: all electric (paid by tenants) | city water & sewer (paid by landlord)
19 rentable units | 18 currently rented including (2) two-bedroom units & (16) one-bedroom units
1 un-rented unit currently used for storage
Clubhouse (laundry, meeting space, bathrooms, kitchen) – currently this facility is offered to tenants by reservation for overflow when tenants have guests visiting.

Facility Updates & Improvements:
– Roofing | Impacact Resistent Shingles (2020)
– Siding | Vinyl (2018)
– Windows | Updated (2018)
– Misc | 10 units have updated flooring, 9-10 units updated water heaters, 6-7 units new appliances, misc updated toilets and fixtures.

Area / Location:
Downs, Kansas (Osborne County)
Waconda Lake – 8 miles

For more information contact:

Nick Rhodes, broker / REALTOR®

(785) 620-7122