1262 Southwest Clay Street

Topeka, KS 66604

$140,000
Price
3
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Cashflow opportunity earning $2460/month when fully occupied. Two units were recently freshened up with new carpet and paint. One vacant 1 bedroom unit. Most lenders will require 25% down payment (approximately $35k) which leaves an investor with $105,000 mortgage. This would be approximately $1000 monthly mortgage payment and just under $1500 per monthly cashflow!Cashflow opportunity earning $2460/month when fully occupied. Two units were recently freshened up with new carpet and paint. One vacant 1 bedroom unit. Most lenders will require 25% down payment (approximately $35k) which leaves an investor with $105,000 mortgage. This would be approximately $1000 monthly mortgage payment and just under $1500 per monthly cashflow!
  1. Listed by John M Ringgold • KW One Legacy Partners, LLC
    P: (785)-806-2711 C: (785)-806-2711 john@johnringgold.com

Property Details for 1262 Southwest Clay Street

Style
Converted House
Subdivision
Throops Addn
Zoning
R-2 Single Family
Parking Spaces
.00
LISTING UPDATED: 12/25/2024 09:29 AM

Property Details for 1262 Southwest Clay Street

StatusActive
MLS #237213
Days on Market22
Taxes$1,878 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Duplex/ Triplex or Fourplex
Year Built1859
Lot Size0.00 AC / 0 SF
CountyShawnee County

Building Information for 1262 Southwest Clay Street

Stories-Residences3Year Built1859Building Size-Lot Size0.00 AC / 0 SF

Property Information for 1262 Southwest Clay Street

Summary
Location and General Information
  • Directions: Taking SW Huntoon St to SW Clay St, Turn South. Home is on the East side of the road.
School Information
  • Elementary School: Randolph Elementary School/USD 501
  • Middle Or Junior School: Robinson Middle School/USD 501
  • High School: Topeka High School/USD 501
Taxes and HOA
  • Gen Tax (est): 1877.74
  • Spec Tax (est): 0
  • Tax Annual Amount: $1,877.74
  • Tax Assessed Value: $2,160.00
  • Parcel Number: R43339
Parking
  • Parking Features: Street Parking
Property
Lot Information
  • Approx Age: 30
  • ApproxSqFtImprovements: 1968
  • Building Features: Separate Electric Meters
  • Lot Size Area: 0.14
  • Lot Size Units: Acres
Property and Assessments
  • Property Type: Residential Income
  • Property Sub Type: Duplex, Triplex or Fourpl
  • Flood Zone: Unknown
  • Documents Available: Sellers Disclosure, Lead Base Paint
  • Balance of Specials (est): 0
  • PO Yr on Specials: N/A
  • Approx Year Built: 1859
  • Assessed Imp Value: 22740
Utilities
  • Are Utilities On: Yes
  • Sewer: City Water, City Sewer
  • Heating: Central Gas
  • Cooling: Central Electric
  • APPLIANCES/EQUIPMENT: Refrigerator, Range/Oven
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame
  • Roof: Composition
Interior Features
  • Flooring: Wood
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Number Of Units Vacant: 1
  • Number Of Efficiencies: 3
  • Number Of Units Occupied: 2
Income & Expenses Information
  • Gross Income: $2,460.00
Unit 1
  • Bedrooms Leased: Yes
  • Bedrooms Vacant: Yes
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Bedrooms Leased: Yes
  • Bedrooms Vacant: No
  • Bedroom SqFt Range: More than 750
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Rental
Rental Information
  • Lease Term: 12 Months
  • Number Of Units Leased: 2

Property History for 1262 Southwest Clay Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1262 Southwest Clay Street

Taxable ValueLand-Additions-Total-
Tax Record2024$2,439 ($203 / month)
Home Facts
Beds1Baths3Total Finished SqFt1,964 SqFtAbove Grade Finished SqFt1,964 SqFtStories3Lot Size6,156 SqFtStyleSingle Family ResidenceYear Built1859ZoningR2CountySHAWNEEAPN141-01-0-10-02-009.00

Schools near 1262 Southwest Clay Street

This home is within Topeka Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Randolph Elementary School
PublicPK to 5

Robinson Middle School
Public6 to 8

Topeka High School
Public9 to 12

Capital City
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1262 Southwest Clay Street is a multi-family home for sale in Topeka, KS 66604. This property was listed for sale on December 4, 2024 by KW One Legacy Partners, LLC, it's currently listed at $140,000. This listing's school district is Topeka Public Schools. Nearby schools include Randolph Elementary School, Robinson Middle School and Topeka High School. 1262 Southwest Clay Street is a 3-bed, 0-bath, multi-family home built in 1859.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW One Legacy Partners, LLC

Based on information from one of the following Multiple Listing Services: Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS, Lawrence Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS , Lawrence Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.