219 S Madison St, Smith Center, KS 66967

Here is a nice two-unit duplex that creates a nice steady income! Two side by side units each with an attached single car garage. The south unit has 2 bedrooms, 1 full bath and a half bath off the master bedroom. The north unit is 1 bedroom, a full bath on the main floor and a full bath in the basement. Each unit has access to the partially finished basement. The washer and dryer is located in the basement for the north unit and on the main floor for the south unit. The washer and dryer can be moved to the basement for the south unit. Finishing out the basement and adding additional bedrooms could increase the rental income. The duplex is close to downtown and elementary school. All appliances stay with the property. Roof replaced in 2011, painted exterior in 2012, new entry doors in 2013. The property is currently 100% leased, with a total gross rental income of $650 a month. A cap rate of 10.5% which proves this is a great investment property.? Year Built: 1971 Living Area: 1,492 sq ft 2012 Taxes: $1,383 List Price: $52,000 Reduced Price: $41,000