275 W 3rd St, Colby, KS 67701

Multi-Unit Apartment Building in fantastic location. 95% plus occupancy rate Ten Units: Unit 1 $500 Unit 2 $500 Unit 3 $425 Unit 4 $500 Unit 5 $525 Unit 6 $500 Unit 7 $550 Unit 8 $525 Unit 9 $575 Unit 10 $575 Total monthly income at listing date: $5,175 Security deposits to match month/rent. Close to downtown, city park, library, school Following Updates have been made by current owner: *All units with exception of #3 have been cleaned and painted *Unit 5 has had a complete overhaul, wiring, bath, kitchen, etc. *Newer Front Entry steps *Newer Fire Escape *Newer Heating and Air (One unit for main floor and 2 for upper level, one for each of the two upper units) *Newer water heaters *Replaced main water line going into apartment building *Coin Operated laundry (newer washer/dryer) *Most units have newer range/refrigerator *Exhaust fans put in some units *Newer floor covering in units 7, 8, 9, and 10 *Hardwood floors in some units *New Metal Roof in 2022 *New High Efficiency Furnace & A/C for bottom 8 units in Dec. 2021 Each of the bottom 8 units is approximately 425 sq feet, top two units approximately 800 sq feet. Most units are month to month however unit 5 and 7 have a lease until March 2023 Corner lot with trees, could easily make a commons area for picnics, etc. *24 hour notice to view is required. Until serious buyer, only 4-5 units will be shown to be respectful to tenants. Upon serious buyer request to view all units will be arranged. Seller has been paying all utilities.