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614-616 Cherokee St

8 Unit Apartment Building $921,323 CAD ($115,165 CAD/Unit) 8.41% Cap Rate Leavenworth, KS 66048

Apartment Buildings Kansas Leavenworth 614-616 Cherokee St, Leavenworth, KS 66048

Investment Highlights

  • Downtown Leavenworth Location
  • 1500 SF retail space on street front with long time tenant
  • Beautifully maintained furnished units

Executive Summary

Discover a compelling investment opportunity at 614/616 Cherokee St, Leavenworth, KS. This mixed use property
features 7 residential units and a 1,500 SF commercial space, offering a diverse income stream. With a two-story back
deck, off-street parking, and a backlog of lease applications, this mixed-use asset is primed for ongoing success.
Situated in a prime location, this property provides an attractive opportunity in the vibrant Leavenworth area, ensuring
strong demand and long-term value potential.

Attachments

First City Lofts Sales Brochure

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Price $921,323 CAD Building Class B
Price Per Unit $115,165 CAD Lot Size 0.14 AC
Sale Type Investment Building Size 7,475 SF
Cap Rate 8.41% Average Occupancy 100%
No. Units 8 No. Stories 2
Property Type Multifamily Year Built/Renovated 1863/2005
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low Rise
Price $921,323 CAD
Price Per Unit $115,165 CAD
Sale Type Investment
Cap Rate 8.41%
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Class B
Lot Size 0.14 AC
Building Size 7,475 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1863/2005
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Storage Space
  • Heating
  • Kitchen
  • Oven
  • Tub/Shower
  • Deck

Links

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Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 077-36-0-20-07-008.00-0
  • 077-36-0-20-07-009.00-0
 Improvements Assessment $92,623 CAD
Land Assessment $4,308 CAD Total Assessment $96,930 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 077-36-0-20-07-008.00-0
  • 077-36-0-20-07-009.00-0
Land Assessment
$4,308 CAD
Improvements Assessment
$92,623 CAD
Total Assessment
$96,930 CAD

zoning

Zoning Code Commercial (Central Business District)
Commercial (Central Business District)
(816) 774-4250

  • Listing ID: 32237381

  • Date on Market: 2024-06-24

  • Last Updated:

  • Address: 614-616 Cherokee St, Leavenworth, KS 66048

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614-616 Cherokee St
(816) 774-4250 x

614-616 Cherokee St

Quinn Hahs

(816) 774-4250

(816) 774-4250

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