Property Description
LEGAL DESCRIPTION: LOT 2 BLOCK 15 IN THE ORIGINAL CITY OF COLBY, THOMAS COUNTY, KANSAS
RESIDENTIAL & COMMERCIAL RENTAL REAL ESATE
6 Apartments
5 Commercial Spaces
6 Storage Spaces
CONSTRUCTION: Frame/Brick
AGE: 1925
LOT SIZE: 3,125 Sq Ft
HEAT: Hot Water/Steam
A/C: Central/ Window
2018 TAXES: $4,304.30
AVG CITY BILL: $1,029.45
AVG GAS BILL: $256.00
- Downtown Colby, Ks Great Income producing property with commercial and residential units.
- Window Air Units in upstairs apartments and Wall furnaces in upstairs apartments
- Each residential rental unit has a range and refrigerator “as is”
- Last time is sold there were roll-out drop fire escape ladders for upstairs apartments
- There is a property manager
- Utilities are paid by owner
- Security deposits held will be transferred at closing to new owner & Rent will be pro-rated at closing
- 24 hour notice to view required
- Apartment 2 at listing was vacant and having repairs made
- Total Rent for apartments at list time: $2,140 /month
- Total Commercial Income as of date of list: $1,475 /month
- Total Income to date of list: $3,615 per month
- In the Basement there are 4 separate storage areas that are divided with walls and ability to lock and secure. These could be rented out for extra income.
- P.&L.’s available to qualified buyers!
