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Multifamily

Sunflower Apartments

409 NW 3rd St, Abilene, KS 67410

Listing Price: Request For Offer

Number of Units
50
Occupancy
89.0%

Investment Overview

Marcus & Millichap is pleased to announce the listing of the Sunflower Apartments which consist of eight stories that have 11 studios, 32 one bedroom, six two bedroom, and one four bedroom apartments. The Historic Sunflower Apartments, once a hotel, is a well-known landmark located in Abilene, Kansas. It was built in 1920 by the Dickinson County Bank as a luxurious hotel to accommodate the increasing number of travelers passing through the city. Over the years, the Sunflower Apartments has played an important role in Abilene's history, hosting numerous events and dignitaries, including U.S. President Dwight D. Eisenhower, who frequently visited the city where he spent his boyhood. The hotel was also a popular gathering place for locals, who would come to enjoy its restaurant and bar. In recent years, the Historic Sunflower Hotel has undergone extensive renovations to restore its original grandeur such as a brand-new boiler, domestic water heater, and new water softener to serves as a multi-purpose facility that includes a restaurant, banquet hall, and office space. The apartment complex is listed on the National Register of Historic Places and is a must-visit destination for history buffs and architecture enthusiasts visiting Abilene. This value-add opportunity allows for potential investors to drive up net operating income through increasing rents and occupancy by stabilizing the asset. A new owner can rub utilities to tenants as well with the property being all bills paid.

Investment Highlights

  • Listed on the National Register of Historic Places
  • Brand New Boiler System, Water Heater, and Water Softener
  • Value Add Opportunity Through Increasing Rents
  • Potential to Implement RUBs System for Utilities
  • Eight Story Building

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Multifamily

Sunflower Apartments

Listing Price: Request For Offer

Number of Units
50
Occupancy
89.0%

Investment Highlights

  • Listed on the National Register of Historic Places
  • Brand New Boiler System, Water Heater, and Water Softener
  • Value Add Opportunity Through Increasing Rents
  • Potential to Implement RUBs System for Utilities
  • Eight Story Building

Investment Overview

Marcus & Millichap is pleased to announce the listing of the Sunflower Apartments which consist of eight stories that have 11 studios, 32 one bedroom, six two bedroom, and one four bedroom apartments. The Historic Sunflower Apartments, once a hotel, is a well-known landmark located in Abilene, Kansas. It was built in 1920 by the Dickinson County Bank as a luxurious hotel to accommodate the increasing number of travelers passing through the city. Over the years, the Sunflower Apartments has played an important role in Abilene's history, hosting numerous events and dignitaries, including U.S. President Dwight D. Eisenhower, who frequently visited the city where he spent his boyhood. The hotel was also a popular gathering place for locals, who would come to enjoy its restaurant and bar. In recent years, the Historic Sunflower Hotel has undergone extensive renovations to restore its original grandeur such as a brand-new boiler, domestic water heater, and new water softener to serves as a multi-purpose facility that includes a restaurant, banquet hall, and office space. The apartment complex is listed on the National Register of Historic Places and is a must-visit destination for history buffs and architecture enthusiasts visiting Abilene. This value-add opportunity allows for potential investors to drive up net operating income through increasing rents and occupancy by stabilizing the asset. A new owner can rub utilities to tenants as well with the property being all bills paid.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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