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$ 120,000
Est. payment /mo
Active
1023 Indiana St Neodesha, KS 66757
4 Beds
4 Baths
2,671 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,671 sqft
Price per Sqft $44
MLS Listing ID 11636412
Bedrooms 4
Full Baths 4
Year Built 1910
Property Description
This investor dream 4-plex in Neodesha, Kansas presents an outstanding opportunity for both seasoned investors and those looking to expand their portfolio. Currently operating as a successful Airbnb, each unit is generating $90 per night, creating strong short-term rental income and immediate cash flow. The flexibility of this property allows a new owner to continue capitalizing on the short-term rental market or transition seamlessly into long-term apartment rentals for steady, predictable monthly income. With demand for both housing options in the area, this property offers multiple strategies to maximize return on investment. Each of the four units features a spacious 1 bedroom, 1 bathroom layout with large living areas that provide a comfortable and inviting atmosphere for guests or tenants. The interiors have been remodeled, offering updated finishes and a clean, modern feel that requires minimal additional investment. The property will convey partially furnished, making it a turnkey opportunity for continued Airbnb use or an easy setup for traditional leasing. The thoughtful updates and well-maintained condition allow an investor to step in and begin generating revenue immediately without the delays and costs of major renovations. Beyond the existing four units, the property also offers additional unused space that could potentially be converted into a fifth rental unit with some renovation, adding even more income potential and increasing overall value. A large detached garage at the rear of the property provides excellent storage space, room for maintenance equipment, or the option to lease separately for additional monthly revenue. With built-in income, expansion possibilities, and multiple leasing strategies available, this property truly offers endless possibilities and strong upside potential in a growing community. Key Features: 4-Plex Multi-Family Investment Property Currently operating as a successful Airbnb $90 per night per unit income potential Four 1 Bed / 1 Bath units Spacious living areas Remodeled interiors Partially furnished - turnkey opportunity Additional space for potential 5th unit Large detached garage with rental potential Immediate cash flow with value-add opportunity
Location
State KS
County 20205
Rooms
Kitchen 0