550 E. 5th St., Colby, KS 67701

Great Investment Opportunity! `

Meadow Ridge Apartments 8 units 1 Bedroom Units 6 units have larger living area 2 Units have efficiency style kitchen/ living area Each kitchen has range and refrigerator Roof 12-15 years old Forced Air furnaces 12-15 years old All units but #1, & #7 have central air, those have window air Water heaters 12-15 years old Some units are month to month. #1 & #3 are 6 month leases, and # 4 & #8 are year leases. ( These can vary during listing period.) Seller pays for basic cable which is $145 a month. Seller pays all utilities. RENTS: # 1 $530, #2 $530, # 3 $550, #4 $550, # 5 $ 500, #6 $530, #7 $530, #8 $550, Total Projected income per month, $4,270. Security Deposits to be transferred at closing ( they are same as monthly rent) Copies of leases will be given at closing Plenty of off street parking Close to downtown area 24 hours notice required to view (Please note 3-4 units will be open for viewing, so we can rotate and not stress out current tenants with each request for showings.) All personal property is "AS IS" Built: 1950 Lot size: 15,625 Sqft Each unit approx. 400-500 sq feet. Heat: forced air gas A/C: 6 with central/ 2 units have window air 2021 taxes: $7, 306.15 /Yr Avg* city bill: $504.87/ MO/8 units AVG* City landlord acct: $ 336.00 /MO Avg* gas bill: $352.00/Mo/ 8 units *avg based on current owners' usage Additional information on each unit available upon request. Seller has been paying Utilities. Each unit has it's own electric meter & gas meter if new buyer wants to discontinue paying utilities.