813 Delaware, Jewell, KS 66949

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$60,000 List Price
Sold on 6/03/2020
 
Listing ID 10598921
Property Type Multi-Unit (5+)
County Jewell
Total Tax $2,275
FEMA Flood Map fema.gov/portal
Year Built 1985
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Attractive apartment buildings

Looking for an investment? Want to be your own boss in a picturesque town in north-central Kansas? The 2 apartment buildings of Jewell Rentals are located in the small, rural town of Jewell, KS. The 4 apartments per building qualify for government subsidies (HUD or USDA Rural Housing). Renters have the choice of a one-bedroom or two-bedroom unit. The one-bedroom units are handicapped accessible and are all electric. There is one unit that needs to be fixed up. The two-bedroom units are equipped with gas central heat and air. A common laundry room is available for tenants as well as an office space for the manager. Windows, water heaters, appliances and HVAC units have been replaced in the last 9 years. Well-kept and maintained! Motivated seller!
Property Details
  • 8 Full Baths
  • 1 Half Bath
  • 6041 SF
  • 31680 SF Lot
  • Built in 1985
  • Renovated 2011
  • 1 Story
  • Available 6/01/2020
  • Renovation: New hot water heaters, 4 HVAC/ 4 PTAC units, and energy efficient windows were installed. Units have been updated with flooring and appliances as needed.
Unit Information
Unit #1 – Gross Area: 786, Net Leasable Area: 786, Rent Price: 375, Bedrooms: 2, Full Baths: 1, Occupied
Unit #2 – Gross Area: 576, Net Leasable Area: 576, Rent Price: 300, Bedrooms: 1, Full Baths: 1, Occupied
Interior Features
  • Carpet Flooring
  • Linoleum Flooring
  • Forced Air
  • 8 Heat/AC Zones
  • Electric Fuel
  • Natural Gas Fuel
  • Natural Gas Avail
  • Central A/C
  • Wall/Window A/C
Exterior Features
  • Frame Construction
  • Brick Siding
  • Asphalt Shingles Roof
  • Municipal Water
  • Municipal Sewer
  • Handicap Features
Community Details
  • Fourplex (Bldg. Style)
Commercial Info
  • Jewell Rental (Business Name)
  • 8 Parking Spaces
Income/Expenses
  • Net Income $24,314
  • Insurance Exp $2,000
  • Heat Exp $1,011
  • Electric Exp $2,000
  • Water Exp $500
  • Total Exp $5,511
  • Paid by Landlord: Water, Ord. Maint., Struct. Maint., Ground Maint.
Taxes and Fees
  • $2,275 Total Tax
  • Tax Year 2019
Sale Information
  • Sold on 6/03/2020
  • Sold for $50,000
  • Buyer's Agent: Deborah Warne
  • Company: Warne Real Estate
Previously Listed By
Warne Real Estate
Office: 785-378-3008
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