34 Duplexes for sale in Topeka, Ks. All on the same street.

[James Dunn]

$1,950,000. That’s $28,676.47 a door! At $450-550 rented each month.

I am in no way a part of this deal (though I wish I was) I just thought it was a good investment and wanted to share.

From the agents website. “Here"s your chance to Own the whole block, Enlarge your investment portfolio fast and have good cash flow. Tenants pay all utilities. Addresses for all 34 buildings, each address has two sides for a total of 68 units: SW Brendan Ave: 3338, 3346, 3354, 3364, 3370, 3378, 3386, 3394, 3400, 3408, 3418, 3424, 3432, 3440, 3448, 3445, 3437, 3431, 3423, 3411, 3401, 3393, 3387, 3379, 3371, 3361, 3355, 3345. and Sw 33rd: 1014, 914, 918, 922, 1002, 1006.”

https://www.hawksrealestatepros.com/listings/67878510/see+attachment+SW+Brendan+AVE+%2334%2C+Topeka%2C+KS+66611/

[Jacob Sampson]

I've purchased properties from this seller before.  They will fill their properties with any sort of tenant.  You'll end up turning over 30-40% of the tenants pretty quickly.  Secondly, they don't do any sort of maintenance or upkeep on their properties.  There will be a TON of deferred maintenance, guaranteed.  A couple of the units are actually condemned by the city.  My primary maintenance guy also works for this seller, he spends a ton of time out there, nearly non stop.

$1.9 million is just too high for the area and the condition.