Greentree Village Apartments & Offices and GTFO Laundromat

Multi-Family for Sale
Catylist Listing ID: 30602743
Property Subtypes: Low-Rise/Garden, Mixed Use
Number of Units: See Agent
Building Size (RSF): 34,719 SF
Sale Price: $3,100,000
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 8.7%
Last Updated: 9/14/2020

Overview / Comments

Greentree Village Apartments & Offices and Get the Funk Out Laundromat sit on the corner of Hwy 54 and Clay St in Liberal KS, one of the busiest intersections in Southwest Kansas. The property is located near multiple restaurants and retailers. Greentree Village was built in the early 90’s and has been privately owned and operated by the same family since 2003. The property consists of a very well operating fully renovated laundromat, 53 apartment units, a storage Quonset hut shop, and three office suites. The property is run very efficiently by an onsite manager, a maintenance employee, and part time employees as needed in the laundromat. Get The Funk Out Laundromat is known as the busiest laundromat in the city of Liberal and surrounding area bringing in customers from all over the southwest part of KS from oil rig workers, Greentree Village tenants, Truckers driving through town on Hwy 54, college students, field workers, and more.

Greentree Village presents some of the nicest and cost friendly apartments in town. The units continue to be remodeled as tenants move out with new LTV Flooring, new cabinets, LED Lighting, paint, appliances, countertops, sinks, and toilets. Greentree village has historically been very well occupied at 90%+ over the years and continues to operate very efficiently.

*Note: Southwind Apartments, a 13-unit fully occupied complex in Liberal, KS may be purchased separately or packaged together with this offering.

- Total of seven buildings on the same site
- Property consists of 53 apartment units, 3 office suites, 1 garage shop, and a laundromat
- GTFO Laundromat fully remodeled in 2018, including brand new, fully digital Speed Queen washer/dryers
- Excellent full-time management & maintenance with part-time employees in place

Attachments & Media

Additional Details

Nearest MSA: Liberal
County: Seward
Tax ID/APN: 0881930501021003010
Total Number of Buildings: 7
Year Renovated: 2018

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,723 20,555 20,555
Median Age: 27.91 28.99 28.99
Households: 3,348 6,638 6,638

Contact

Photograph of Listing Agent

Trent Garman

NAI Martens
KSCRE Member
Photograph of Listing Agent

Jeff Englert

NAI Martens KSCRE Member
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