Property Description:
Purchase Price: $135,000 - ARV $225,000 -
3,469 sqft!
6 bedrooms - 4 bathrooms
Large turn-of-the-century house, converted into a 3 unit complex. Units split on 3 floors:
1st floor: 1166 sqft. - 4bed + 2bath
2nd floor: 1279 sqft. - 1bed + 1bath
3th floor (smaller attic unit): 1024 sqft. - 1bed + 1bath
Detached garage and storage space.
Potential rents:
$2,600/mo
With a little work, this could be a CASH COW!
All units are livable at the moment. Up-to-date inspection report will be provided to serious buyers. The roof needs to be replaced. Units need to get cleaned out. New owner can update the property with minor capital expenditure in order capture market rents, buy and hold or retail. Would be a perfect BRRRR!
Arkansas City-Winfield MSA: 40 miles to Wichita, KS! Winfield lacks rental inventory, there is no place to rent in town. New owner will address a hot high demand rental market.