495 N. Franklin, Colby, KS 67701

Downtown Colby KS Commercial and Residential Income Property

*Downtown Colby, Ks *Great Income producing property with commercial and residential units. *Window Air Units in upstairs apartments *Wall furnaces in upstairs apartments *Each residential rental unit has a range and refrigerator *Last time is sold there were roll-out drop fire escape ladders for upstairs apartments *Has been a property manager for all units *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 *Each residential rental unit comes with range an refrigerator Rent Income Information: Apartments: #1 Rent $550 #2 Rent $425 (currently vacant and having repairs made) #3 Rent $415 #4 Rent $400 #5 Rent $375 Basement downstairs apartment: Rent $400 Total Rent for apartments at list time: $2,140 Commercial: *Pet Parlor: Rent $500 *Manager's office with bathroom (112 E. 5th) could rent for $150 *120 and 122 E. 5th: Massage $400 *130 E. 5th Storage unit with bathroom (vacant at time of list) But has rented for $75 *132 E. 5th Storage Rents for $75 *140 E. 5th Hair Salon Rents: $400 *150 E. 5th Massage Rents: $100 Total Commercial Income as of date of list: $1,475 Total Income to date of list: $3,615 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.