1285 W. 2nd St, Colby, KS 67701

Investment Opportunity

Multi-Unit (17 units) On site laundry for tenants (two commercial coin operated washer and dryers in separate laundry room.) 8 one bedroom units 9 two bedroom units Each building has a newer roof Each unit has updated heating and air units All but three units have had some level of updating Stucco was completed on all but two buildings in 2021 (the other buildings have not been addressed) Most rental terms are month to month As of date of listing current monthly rent is $9,975 *If interested buyer a list on each unit with information can be given for review with rent of each unit as of date of listing. Each unit has range and refrigerators (only a few units have seller owned micro wave) Many of the units have been updated and the seller has put lots of time and money in improving the units. Located right across the street from a park There are 3 units remaining that have not had as much attention. Some units have updated newer water heaters Each unit has it's own electric meter and gas meter if new buyer wants to discontinue paying utilities. The laundry room is heated from unit #1 furnace Seller doesn't want to close until after January 1, 2023 *Agents comments: Rental units are of great demand with the growth of Colby and these units can see rent increases based on current market conditions. Some of the units could be converted to "Extended Stay" units which Colby does not offer at this time. MINIMUM OF 24 HOUR NOTICE IS REQUIRED FOR VIEWING. NOT TO DISRUPT ALL TENANTS, ONLY 4 - 5 WILL BE SHOWN AND IF NEEDED ANOTHER APPOINTMENT COULD BE SET UP TO SEE OTHERS, IF QUALIFIED INTERESTED BUYER.