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Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Ottawa
MLS Listing ID 2541362
Sold Date 05/30/25
Year Built 1950
Annual Tax Amount $3,707
Lot Size 0.716 Acres
Acres 0.7161157
Lot Dimensions 127x150
Property Sub-Type Quadruplex
Source hmls
Property Description
Exceptional Investment Opportunity!
Nestled in the heart of the charming college town of Ottawa, Kansas, this property presents a unique investment opportunity with significant potential. Currently, it features two fully leased residential units, generating $2,350 in monthly income, along with two vacant commercial units that could provide additional income streams. Water heater has been replaced within the past month.
The commercial spaces offer flexibility—rent them out as-is, or explore the potential of converting them into residential units with approval from the City of Ottawa. Additionally, a vacant lot is included, which could be separated for future development.
The main level residential unit boasts a welcoming covered front porch and offers a spacious 3-bedroom (one non-conforming) layout with 1 bathroom. It also includes access to a full basement, ideal for storage or use as a storm shelter.
The upper-floor unit provides a delightful view of the nearby park and features a 2-bedroom (one non-conforming), 1-bath layout, recently refreshed with fresh paint and new carpet throughout.
This is a fantastic opportunity for investors looking to expand their portfolio in a growing and vibrant community. Don't miss out on the potential this property has to offer!
Location
State KS
County Franklin
Zoning r2
Interior
Heating Other
Cooling Other, Window Unit(s)
Fireplace N
Laundry In Basement
Exterior
Parking Features true
Utilities Available Multi-Unit Heat/Air
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
School District Ottawa
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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