About 1502 East Fulton Street
28-Unit Efficiency Apartment Complex. Turnkey investment with upside potential. 8% Cap Rate. Located in the steadily growing community of Garden City, this fully operational 28-unit multifamily property offers strong rental demand and stable income. Originally built in 1986 and renovated in 2019, the complex includes: 25 studio units, 1 large studio, 1 one-bedroom unit, 1 three-bedroom unit. Each unit is equipped with a gas range and refrigerator, with most featuring a dishwasher. Tenants enjoy the comfort of PTAC heating/cooling systems, and the property is secured with surveillance cameras and a fire sprinkler system throughout. Low vacancy rate in a high-demand rental market. Owner-paid utilities. Onsite laundry and mail delivery. Whether you're expanding your portfolio or diving into multifamily real estate, this cash-flowing property is ready to go!
Features of 1502 East Fulton Street
| MLS® # | 13939 |
|---|---|
| Price | $1,495,000 |
| Square Footage | 10,816 |
| Acres | 0.62 |
| Year Built | 1986 |
| Type | Commercial |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 1502 East Fulton Street |
|---|---|
| Area | Out of Town |
| City | Garden City |
| County | Finney |
| State | KS |
| Zip Code | 67846 |
Amenities
| Utilities | City Sewer, City Water, Electric, Gas |
|---|---|
| Features | None |
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Has Basement | No |
|---|---|
| Basement | Slab |
Exterior
| Roof | Metal |
|---|
Additional Information
| Date Listed | April 30th, 2025 |
|---|---|
| Days on Market | 408 |
| Tax Amount | 17697.62 |
Listing Details
| Agent | Jessica Willimon |
|---|---|
| Office | Nexthome Dana Trahern Realty |