326 Main St, Osawatomie, KS 66064

This 3 unit building is currently set up as having: 2/1, 1/1, and 1/1 units. All three units are currently occupied and rented with paying tenants for $550, $350 and $300/mo. All tenants are on 'month to month' leases and thus the units could be emptied at will all together at the time of purchase, or 1 by 1 during renovation, while the other two remain rented and paying in the meantime.

The property does have split power/gas utilities per unit, and trash through the city is $25/unit via personal property tax. The water and sewer is not metered separately and the owner pays those as part of the 'rent'.

Building does need a new roof and while the tenants are paying discounted rent based on current condition, there is a huge opportunity to raise rents after upgrading and rehabbing the units and building.

Pics: https://app.companycam.com/galleries/ztXkAakH

ARV: 175K-200K

Purchase Price REDUCED to: $39K

Current Total Combined Active Rents: $1200/mo

Potential Total Market Rents: $1800-$2200/mo