Listed By:
Crown Realty
Address
1016 S Cedar Street, Ottawa, KS
Price
$ 540,000
Property Attributes
  • MLS#2480567
  • TypeMulti-Family
  • CountyFRANKLIN - KS
  • CityOttawa
  • Area385 - Franklin County - KS
  • NeighborhoodOttawa
  • Zip66067
  • Style
  • Year Built1924
  • Taxes$ 2787
  • Price$ 540,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size11,250 SqFt
Data Source:
Heartland MLS (HMLS)
Property Description

Investor's Alert! Great opportunity to own two converted dwellings in the charming town of Ottawa KS*1016 S Cedar is located directly across from Ottawa University*This multi-family home offers the possibility of converting it to a tri-plex*Both the main level unit and the basement unit are accessed from the side entry door*Turn right to access the main level 2 bedroom, 1 bath unit with laundry hook-ups*Turn left to access the one bedroom, one bath basement unit with kitchenette and laundry hook-ups*There is not a door separating the main level unit from the basement unit but this could be remedied*The upstairs unit is accessed from the charming front porch of the home*There is a detached garage included*115 E 5th St includes an extra lot with lots of possibilities on what can be built here*Check with the City on options*This unique building has not only two 2 bedroom, 1 bath units but it also includes two commercial units that are vacant and ready to lease out and an attached garage with the possibility of renting out as a storage unit if it is closed off from the adjoining commercial space*Previous mortgage area has a couple of offices and a kitchenette and two bathrooms*Bakery side has a bathroom, kitchen and pantry*Upstairs units at both properties are available for immediate occupancy allowing the investor to make any improvements and capitalize on future rents.

Price History
4/3/2024 Listed $540,000

General Features

Sewer City/Public
Heating Natural Gas
Cooling Electric
Utilities Multi-Unit Heat/Air
Possession Subject To Tenants Rights
Roof Composition
Zoning R2
Patio/Porch Features Deck,Porch
Construction Materials Frame
Year Built 1924
Property SubType Package of Properties
Assoc Fee Paid Per None
County Franklin,KS
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name Ottawa
Garage Y/N Yes
Status Active
Directions I-35 S of 68 Hwy exit to 15th St exit*Turn right to Cedar St*N to address on the left-hand side of the road (there is a church parking lot just south of the property that you can park in off of the s
City Ottawa
High School District Ottawa
Total Units 2
MLS Area 385 - Franklin County,KS
Lot Size Square Feet 11250
Street Name Cedar
Listing Terms Cash,Conventional
Public Remarks Investor's Alert! Great opportunity to own two converted dwellings in the charming town of Ottawa KS*1016 S Cedar is located directly across from Ottawa University*This multi-family home offers the p
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN No

Interior Features

Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Street Suffix Street
Laundry Features In Basement,Inside
Unit Type 2 Bedroom,3 Bedroom

Exterior Features

Parking Features Detached
Water Source Public
Total Parking 1
Lot Size Area 11250
Lot Dimensions 75x150
Road Surface Type Paved
Lot Size Units Square Feet
Road Responsibility Public Maintenance

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 66067

Price
AVG $340K
$540K
Taxes
AVG $2,382
$2,787
Visits
AVG 140
191
Data Provided by Inside Real Estate®
Year Built
AVG 1925
1924

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