495 North Franklin Colby, Kansas

  • New
$159,750.00
Address: 495 North Franklin Colby, Kansas
State: Kansas
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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!

Property Information

  • Type:

    Commercial

  • Area Size : 3125 sq ft
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