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Listed by Carole Collyard • ReeceNichols -Johnson County W
$325,000
Est. payment /mo
0.28 Acres Lot
New
501-03 S 9th ST Louisburg, KS 66053
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Mike Grbic
mikegrbicbroker@chime.meUPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Southridge
MLS Listing ID 2568906
Year Built 1968
Annual Tax Amount $2,781
Lot Size 0.279 Acres
Acres 0.27901745
Property Sub-Type Duplex
Source hmls
Property Description
GREAT INVESTMENT OPPORTUNITY. ONE UNIT COMPLETELY RENOVATED AND READY FOR A NEW TENANT. OTHER UNIT HAS LONG-TERM TENANT. 2 BEDROOM UNITS WITH LARGE KITCHEN AND LIVING ROOM. 1 1/2 BATH AND FULL BASEMENT. LOWER LEVEL HAS UTILITY ROOM AND TONS OF STORAGE OR EXTRA LIVING SPACE. FROM LL FORMER GARAGE WALK OUT TO CONCRETE COURTYARD ALLOWS FOR OUTDOOR LIVING AREA AND/OR GRILLING. NO REFRIGERATOR IN THE 503 UNIT BUT NEW STOVE AN.D UPDATES. The rent on 501 is $950 per month. and that is what the current income is showing until other side gets rented. 503 is vacant and updated. PICURES ARE OF 503 & UPDATES. NO PICTURES OF 501 TENANT OCCUPIED UNIT. 501 RENTS FOR $1000. ***THE INCOME AND EXPENSE INFORMATION IS REQUIRED BY MLS BUT THE ACTUAL INCME AND EXPENSES ARE DEPENDANT UPON NEW MANAGEMENT AND NEW RENT FOR VACANT UNIT. TALK TO KEN REGARDING INCOME /EXPENSES SELLER WANTS TO DO A 1031 EXCHANGE ON THIS PROPERTY..
Location
State KS
County Miami
Zoning R2
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Appliance Dishwasher, Disposal, Refrigerator, Built-In Electric Oven
Laundry In Basement
Exterior
Exterior Feature Private Entrance
Parking Features false
Utilities Available Separate Meters
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick/Mortar
Schools
School District Louisburg
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Mike Grbic