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Listed by Teresa Wallen • Jones Heritage, REALTORS
$ 399,000
Est. payment | /mo
1.93 Acres Lot
$ 399,000
Est. payment | /mo
1.93 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2552630
Year Built 2003
Lot Size 1.928 Acres
Acres 1.9283746
Property Sub-Type Other
Source hmls
Property Description
NEW PRICE IMPROVEMENT! Back on market thru NO fault of Seller. This amazing property is an extremely well-cared for 8 plex, which includes (2) buildings with (4) units each--having 4064 sq ft of living space per building and attached garage for each unit. Patio/slab style design-built in 2003. ADA compliant, currently these apartments are being managed utilizing the Kansas Low Income Housing Tax Credit (LIHTC) for tax advantages to the owner of the property. Rent Roll and much info for your due diligence is available from listing agent. Price is actually set below value to compensate for a few restrictions the property has in place for a period of time into the future, due to the Kansas guidelines. A successful buyer will just need to determine if it can stream into their investment design.
Each apartment unit has 2 bedrooms, bathroom, kitchen, living room, laundry room, front porch area and attached garage. All appliances are included (range. refrigerator, microwave and dishwasher) plus washer & dryer. One building (4 plex) faces Indiana St, while the other (4 plex) faces 2nd St in Oswego, KS to occupy corner of block area--plus there is additional lot space at south end for more building, if desired. Utilities are split to each property. Owner currently provides lawn care and snow removal. Total electric. Very desirable property, 100% occupied. and long waitlist for opportunity to rent.
Each apartment unit has 2 bedrooms, bathroom, kitchen, living room, laundry room, front porch area and attached garage. All appliances are included (range. refrigerator, microwave and dishwasher) plus washer & dryer. One building (4 plex) faces Indiana St, while the other (4 plex) faces 2nd St in Oswego, KS to occupy corner of block area--plus there is additional lot space at south end for more building, if desired. Utilities are split to each property. Owner currently provides lawn care and snow removal. Total electric. Very desirable property, 100% occupied. and long waitlist for opportunity to rent.
Location
State KS
County Labette
Zoning R
Interior
Heating Electric
Cooling Electric
Fireplace N
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Electric Range, Washer
Exterior
Parking Features true
Utilities Available Ind Heat And Air, Ind Water Heaters, Other
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
School District Usd 504 - Oswego
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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