You are the Best Lady in US History https://t.co/aZEZcEUNI4
(https://x.com/eric_hz143/status/1950147019562975575?t=wNJPKSna0osQrc15qOljvA&s=03)
785.383.9994
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time kills deals
Hello!
Exciting news — 817 Tyler has just been reduced from $1.2M to $995,000.
This 24-unit property (14 two-beds, 10 one-beds) is currently generating $14,005/month in rent — averaging just $666 per door. But there's real upside here:
The area supports stronger rents. If the 14 two-bed units were rented at $800 and the 10 one-beds at $700, gross rents could climb to $18,200/month, or $218,400 annually — a 30% increase over current collections.
Landlord-paid utilities are averaging $4,900/month. That's over $58,000 annually.
With utility separation or billing back to tenants, there's an opportunity to dramatically improve NOI by shifting utility responsibility to tenants — a common strategy for similar assets.
At current performance, this property already operates at an 8.08% cap rate.
Under pro forma rents and reduced utility burden, the cap rate could push above 13%, making this an ideal value-add opportunity.
I've also included the Rent Rolls and Trailing 12s for a full financial picture. Let me know if you'd like to schedule a tour or dive deeper into the numbers.
For your review, I've attached:
Rent Roll
Trailing 12 Financials
Walk Through Video -https://youtu.be/b_T02TkHVbo
Let me know if you'd like to schedule a tour or run deeper numbers. This is a strong opportunity for the right investor.
Thanks for calling Henry!
Let me know what other questions you might have.
MLS LINK: https://s.paragonrels.com/goto/Z0_HAlZlN_W
Youtube video walkthrough: https://youtu.be/b_T02TkHVbo--
Riley Ringgold
(785)817-9724
REALTOR®
Keller Williams
One Legacy Partners LLC
RIley@RileyRinggold.com
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$11.34 in 2024, $0 in 2025.
My work hours may differ from yours. Please don't feel obligated to reply outside of yours.
From: Henry McClure <mcre13@gmail.com>
Sent: Tuesday, July 29, 2025 7:47 AM
To: Molly Howey (Go Topeka) <mhowey@gotopeka.com>; Molly Howey <molly.howey@topekapartnership.com>; Molly Howey <mhowey@topekachamber.org>; MCRE Media <mcre1.snco@blogger.com>; City Clerk <cclerk@topeka.org>
Subject: KORA
How much money do you spend with CJ Online with sales tax dollars?
Henry McClure
785.383.9994
sent from mobile ๐ฑ
time kills deals
$11.34 in 2024, $0 in 2025.
My work hours may differ from yours. Please don't feel obligated to reply outside of yours.
From: Henry McClure <mcre13@gmail.com>
Sent: Tuesday, July 29, 2025 7:47 AM
To: Molly Howey (Go Topeka) <mhowey@gotopeka.com>; Molly Howey <molly.howey@topekapartnership.com>; Molly Howey <mhowey@topekachamber.org>; MCRE Media <mcre1.snco@blogger.com>; City Clerk <cclerk@topeka.org>
Subject: KORA
How much money do you spend with CJ Online with sales tax dollars?
Henry McClure
785.383.9994
sent from mobile 📱
time kills deals
To calculate the total rent over the term, we need to sum the monthly rent payments for each period, multiplied by the number of months in each period. The lease term spans from November 1, 2026, to December 31, 2035. The security deposit information indicates that $5,000 of the $10,000 deposit is applied to the first monthly payment, which we’ll account for in the calculation.