💰 INVESTMENT SNAPSHOT
- Projected Gross Income: $12,150/month ($145,800/year)
- Income Breakdown:
- 13 Bedrooms @ $750 = $9,750/month
- 1 Apartment = $900/month
- 2 Commercial Units = $1,500/month
- Estimated NOI: ~$85K – $100K
- Estimated Renovation: $220K – $250K (Full interior & exterior reposition)
- Projected Stabilized Value: ~$850K – $1.1M+
- Primary Strategy: Padsplit / Co-Living + BRRRR Refinance
🏢 PROPERTY OVERVIEW
This is a high-yield repositioning opportunity located in downtown Leavenworth, combining residential co-living income with commercial storefront upside.
Property Features:
- 13 potential rentable bedrooms (Padsplit model)
- 1 residential apartment
- 2 commercial storefronts
- Downtown location with strong rental demand
🚀 VALUE-ADD STRATEGY
Phase 1 – Renovation & Reposition
- Full interior + exterior renovation
- Optimize layout for co-living / Padsplit model
- Stabilize rents based on current projections
Phase 2 – Stabilization
- Achieve ~$12K/month gross income
- Build consistent occupancy across residential + commercial
Phase 3 – BRRRR Exit
- Refinance based on income
- Potential valuation in the $850K – $1.1M+ range
- Retain asset for long-term cash flow or exit
🎯 MULTIPLE EXIT STRATEGIES
- Padsplit / Co-living (Highest cash flow)
- Traditional rental conversion
- Mixed-use hold (retail + residential)
- Long-term commercial reposition
📍 STRATEGIC LOCATION ADVANTAGE
Downtown Leavenworth + Fort Leavenworth Positioning
Located in downtown Leavenworth, this property sits in a highly strategic corridor between:
- The historic downtown business district
- And the nearby Fort Leavenworth Army installation
🎯 Why This Location Is a Major Advantage
This is NOT just a location—it’s a built-in demand generator.
💂♂️ Military Demand (Consistent & Reliable)
Fort Leavenworth is a major U.S. Army base that brings:
- Active-duty personnel
- Civilian staff
- Contractors
- Short-term trainees
👉 These groups create constant housing demand, especially for:
- Affordable rooms
- Flexible living arrangements
- Short- to mid-term stays
🧠 Why This Is PERFECT for Padsplit / Co-Living
The Padsplit model thrives in markets where:
- People need affordable housing
- There’s constant population turnover
- Renters value flexibility over long-term leases
👉 This location checks ALL of those boxes.
🔥 Direct Padsplit Advantages Here:
- Military personnel often relocate or transition frequently
- Contractors and support staff need temporary housing solutions
- Entry-level and workforce tenants seek affordable room rentals
👉 Result:
Strong occupancy potential + consistent tenant demand
🏙️ Downtown Synergy
Being in downtown adds another layer:
- Walkability to shops, food, and services
- Increased appeal for tenants without vehicles
- Supports the co-living lifestyle model
💥 Investor Takeaway
This location creates a rare combination:
- 📍 Stable demand (military base)
- 🔁 Predicable turnover (ideal for room rentals)
- 🏙️ Lifestyle appeal (downtown access)
👉 Which directly supports:
Higher occupancy, stronger rent consistency, and long-term scalability
⚠️ RENOVATION & FINANCIAL DISCLAIMER
The estimated renovation cost of $220,000 – $250,000 is provided as a general guideline based on a full interior and exterior renovation scenario.
Actual costs will vary significantly based on:
- Scope of work
- Investor experience
- Contractor pricing
- Final design and execution strategy
ALL financial projections, income estimates, and valuation ranges are provided for informational purposes only and should not be solely relied upon.
👉 Perform your own due diligence.
📊 DEAL SUMMARY
- Location: 603 N 5th St, Leavenworth, KS
- Asset Type: Mixed-Use / Padsplit Opportunity
🧮 INVESTMENT METRICS
- Estimated NOI: $85K – $100K
- Est. Renovation: $220K – $250K
- Projected Value: $850K – $1.1M+
🔥 LET’S GO
We are currently reviewing serious offers and taking highest and best within the next 48–72 hours.
📞 CALL
Serious investors only. Contact now for access, walkthrough scheduling, and full financial breakdown.
816-406-0044
ben@turnkeypropertyusa.com