501 Main St. - LaCrosse Apartments

Investment Overview

ntroducing an exceptional investment opportunity at 501 Main St in La Crosse, KS, just 25 miles from Hays. This freshly renovated 4,354 SF, 17-unit low-rise building is a prime opportunity for multifamily investors. Renovated in 2026, the property enjoys a high occupancy rate with year-long leases, offering exceptional cash flow potential. With 94% occupancy and its convenient location, this property represents a lucrative and strategic investment opportunity. Don't miss the chance to capitalize on this promising addition to your investment portfolio.

Investment Highlights

• 94% Occupied with most leases being a year in length
• Rent average from $450-$475 on initial lease
• $75-$100 utility bill back payable monthly from each tenant
• Over 10% Cap Rate
• Value add over time, initial leases are from Lease Up period after renovations