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Key Details
Sold Price $170,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,695 sqft
Price per Sqft $100
MLS Listing ID SCK632999
Sold Date 01/26/24
Style Converted House
Total Fin. Sqft 1695
Originating Board sckansas
Year Built 1900
Annual Tax Amount $599
Tax Year 2022
Lot Dimensions 11761
Property Description
Welcome to this strategically designed and recently renovated property, offering an exceptional investment opportunity in the heart of a vibrant college town. This spacious home has been thoughtfully converted into three full-sized separate rental units, each including their own kitchen, living room, dining room, bath, and bedrooms. Upgrades include new flooring, fresh paint, as well as updated kitchens and bathrooms. With market rents ranging from $700 (1 bed) to $850 (2 bed) per unit, this property presents a lucrative income potential, ideal for investors seeking a reliable and substantial return on investment. Buyers have the option to occupy one of the units while renting out the others, providing a unique opportunity for owner-occupancy. Alternatively, the entire property can be utilized for rental income. Situated in a college town, this property is perfectly positioned to cater to the high demand for student housing. The consistent demand for rentals in this area makes it an excellent income producer. Additionally, tenants are responsible for all utilities, offering a hassle-free ownership experience for the landlord. This property represents not only a sound financial investment but also a chance to be part of a thriving community. Whether you're looking to generate consistent rental income or contemplating owner-occupancy with additional rental revenue, this versatile property is a must-consider in your investment portfolio. Don't miss out on this opportunity to schedule a showing today!
Location
State KS
County Butler
Direction N Summit St to Central Ave
Rooms
Basement Cellar
Interior
Heating Central Gas
Cooling Window Unit(s)
Fireplace No
Appliance None
Heat Source Central Gas
Exterior
Garage Description 1 per Unit
Utilities Available Gas, Public, Sewer Available
View Y/N Yes
Roof Type Composition
Total Parking Spaces 3
Building
Unit Features [{\"UnitTypeActualRent\":650,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 1\",\"UnitTypeKey\":\"SCK632999Group_1\"},{\"UnitTypeActualRent\":800,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 2\",\"UnitTypeKey\":\"SCK632999Group_2\"}]
Architectural Style Converted House
Structure Type Frame
Schools
Elementary Schools Skelly
Middle Schools El Dorado
High Schools El Dorado
School District El Dorado School District (Usd 490)
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