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1110 w 11th, Concordia, KS 66901

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For Sale

$1,450,000

54,046 sqft

Estimated Payment

$ 7,447 /mo.

6.65% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $26.83
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

The Mount Joseph Apartments project in Concordia Kansas is an enticing real estate investment opportunity, especially with its prime location. Formerly Mount Joseph Senior Village, this 54,000 sqft single level brick building is being converted to 63 apartment units, which includes a spacious on site manager unit, gym, rec center, 3 coin op laundry rooms and a large courtyard for outdoor games, BBQ's and other social gatherings. When fully completed, Mount Joseph apartments will have 3 studios, 38 - 1 bedrooms, and 22 - 2 bedroom units, with gross income of $45,000 per month. Currently 2 wings are close to completion. A-wing has seven 2 bedroom units, 6 of which are 2 bedroom 2 bath units. C-wing has nine 1 bedroom 1 bath units and a 2 bedroom 1 bath unit. Upon completion (estimated 60 days), these 17 units will begin generating income of approximately $13,000 per month while construction continues on other wings. The building is well known in the area and the entire community is excited about the transformation to apartments. Beautiful brick exterior with 63 brand new units with white shaker cabinetry, stainless appliances, granite countertops and more. These units will be the newest and nicest in town. A brand new road along the back of the property with 50+ new parking spaces was just completed. Mount Joseph sits on 6.83 acres nestled on the edge of town next to Lost Creek, which provides a serene and picturesque setting, which will be a major selling point for tenants seeking tranquility and natural surroundings. For those interested in real estate investment, Mount Joseph Apartments presents an opportunity worth considering, offering the potential for both immediate returns and long-term growth. For personal reasons, the current owner is selling as is, however construction continues. As more wings are completed, the listing price will be increased accordingly. If 50% completion is reached, the property will be taken off market permanently. This is an amazing property and could be the flagship property of any real estate portfolio. Don't wait or it will be gone one way or another. The owner is open to seller financing. When an owner is open to seller financing, it means that they are willing to provide a loan directly to the buyer rather than having the buyer obtain financing from a bank or other financial institution. This arrangement can be beneficial for both parties in certain situations, and it allows for more flexibility than traditional financing.
MLS# 11288076

Courtesy Of Bowers Land And Home Realty LLC

(785) 243-5365

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Lot Size
    6.83 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 1110 w 11th, Concordia, KS 66901
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Home seller CENTURY 21 GHC Associates, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 GHC Associates, Inc.

(785) 243-1555
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $7,447
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $7,447

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Concordia Elementary School

Grades PK-4 Public School


Concordia, KS 66901 2 miles
1500 e 9th st

468 total students
14:1 Student teacher ratio

Concordia Middle School

Grades 5-6 Public School


Concordia, KS 66901 0.7 miles
436 w 10th st

175 total students
14:1 Student teacher ratio

Concordia Jr-sr High School

Grades 7-12 Public School


Concordia, KS 66901 0.7 miles
436 w 10th st

451 total students
12:1 Student teacher ratio

Local area information for Concordia, KS 66901

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Concordia, KS 66901

This community’s employment is highest in the sales and administrative support industries. The area’s overall household expenses are below the national average.

92° July
Hottest Average Month

16° January
Coldest Average Month
2,627 Total Households in Area
28.8%
of households
have children
14 minutes
Median Commute Time

Household Expenses vs National Average

Demographic facts
for Concordia, KS 66901

Concordia, KS 66901 has a population of 6,346 people in 2,627 households with a median age of 39.6 years old.

Down -1.4%
Decrease in population
since the year 2010

Population is Trending down
2,602
Total households as of 2010
Up
2.3%

Community Population By Age

Community Population By Ethnicity

White 91%
Hispanic 5%
Black 2%
Other 1%
Asian <1%
Native American <1%

Economics
for Concordia, KS 66901

23 /sq mi
Population Density
$55,835 /yr
Median Household Income
$0
Median Sales Price
14 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 92%
  • Walk or Bike 6%
  • Work from Home 3%
  • Public Transit 0%

Occupancy by Type

Owned 1,744 54%
Rented 883 27%
Vacant 607 19%

White vs Blue Collar Jobs







White Collar 72%
Blue Collar 28%

Family & Education Facts
for Concordia, KS 66901

39.6 Median Age

Average Household Size

2.2
persons per
household

45.7%

Married Households

Community Population By Education

High School Graduate 31%
Some College 25%
Associates Degree 16%
Bachelors Degree 13%
Graduate Degree 10%
Some High School 5%

Household Family Expenses vs National Average

28.8% of households have children

Weather
for Concordia, KS 66901

The weather for this area ranges from a high of 92° F in July to a low of 16° F in January

92° July
Hottest Average Month
16° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
16°
38°
Feb
20°
43°
Mar
29°
54°
Apr
41°
66°
May
51°
75°
Jun
61°
86°
Jul
67°
92°
Aug
65°
90°
Sep
55°
81°
Oct
43°
69°
Nov
30°
53°
Dec
20°
41°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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