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Listed by Michelle Lutz • Lutz Sales + Investments
$ 2,950,000
Est. payment /mo
Active
1306 SW Harrison ST Topeka, KS 66612
0.6 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2644657
Year Built 1968
Annual Tax Amount $21,230
Lot Size 0.597 Acres
Acres 0.5969008
Property Sub-Type Apartment
Source hmls
Property Description
The Kapital offers investors a rare chance to acquire a truly turnkey, fully renovated multifamily community in a highly convenient Topeka location. This three-story, 36-unit property was completely reimagined from top to bottom in 2021, with an extensive renovation taken down to the studs. Major improvements included new roofs, windows, HVAC, electrical, plumbing, & updated unit interiors—allowing a new owner to step into an extensively renovated asset without the deferred maintenance and near-term capital expenditures commonly associated with older multifamily properties.
The community offers a desirable mix of studio and one-bedroom apartments featuring new flooring, cabinetry, SS appliances, granite countertops, and in-unit stacked washers and dryers. All units are separately metered for utilities, helping simplify operations and minimize owner expenses, while gated parking provides an additional amenity for residents.
With virtually every major building component replaced or upgraded during the 2021 renovation, The Kapital was designed to be an exceptionally easy asset to own and operate. The extensive improvements, efficient unit mix, separate utility metering, and modern interiors create an attractive combo of operational simplicity and long-term durability for an investor seeking stabilized multifamily ownership. The property is also exceptionally well positioned within Topeka, offering convenient access to Washburn University, the Kansas State Capitol, downtown Topeka, major employment centers, government offices, dining, shopping, and other everyday amenities. Its central location provides access to multiple employment and renter-demand drivers rather than relying on any single tenant base.
For investors seeking scale without taking on a major reno project, The Kapital represents a compelling opportunity: 36 extensively reno'd units, modern building systems, attractive resident amenities, and a central location—all packaged into a turnkey investment.
The community offers a desirable mix of studio and one-bedroom apartments featuring new flooring, cabinetry, SS appliances, granite countertops, and in-unit stacked washers and dryers. All units are separately metered for utilities, helping simplify operations and minimize owner expenses, while gated parking provides an additional amenity for residents.
With virtually every major building component replaced or upgraded during the 2021 renovation, The Kapital was designed to be an exceptionally easy asset to own and operate. The extensive improvements, efficient unit mix, separate utility metering, and modern interiors create an attractive combo of operational simplicity and long-term durability for an investor seeking stabilized multifamily ownership. The property is also exceptionally well positioned within Topeka, offering convenient access to Washburn University, the Kansas State Capitol, downtown Topeka, major employment centers, government offices, dining, shopping, and other everyday amenities. Its central location provides access to multiple employment and renter-demand drivers rather than relying on any single tenant base.
For investors seeking scale without taking on a major reno project, The Kapital represents a compelling opportunity: 36 extensively reno'd units, modern building systems, attractive resident amenities, and a central location—all packaged into a turnkey investment.
Location
State KS
County Shawnee
Zoning M3
Interior
Heating Electric
Cooling Electric
Fireplace N
Laundry Inside
Exterior
Parking Features false
Utilities Available Ind Heat And Air, Ind Water Heaters, Master Meters, Separate Meters
Roof Type Synthetic
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick/Mortar
Schools
Elementary Schools Meadows
Middle Schools Robinson
High Schools Topeka
School District Topeka
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOLS
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