For Auction
Asset Snapshot
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Offering Summary
Brokered by SVN Encompass Commercial and powered by RealINSIGHT Marketplace, Timberlee Apartments at 341 SE Lawrence Street in Topeka, Kansas, is a 102-unit townhome-style multifamily community offered fully vacant via REO auction. Set on a spacious site with ample parking, the property features a family-oriented unit mix weighted toward two- and three-bedroom homes with large floor plans that give residents a house-like living experience. Current ownership has cleaned out and secured the buildings, giving a buyer a true blank slate with no tenants or evictions to manage. The asset retains solid underlying construction, including hardwood floors and separately metered gas and electric service. Most units can achieve market rents through moderate renovation, while select units and building systems will require more extensive work, positioning the property for a comprehensive value-add and lease-up strategy. Topeka, home to the Kansas State Capitol, offers an affordable entry point with steady rental demand supported by government, healthcare, and education employment. The offering is well suited to an experienced, well-capitalized operator seeking a hands-on repositioning opportunity in a stable, income-focused market.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
