Prime Downtown Investment Opportunity - Corner Lot Building with Stable Tenants! Location: Heart of Downtown 101-110 N Penn Property Type: Mixed-Use Building Lot Type: Corner Lot Investment Highlights: 5 Fully Rented Apartments (Located on the second level) 7 Retail Spaces on the Main Level, with 5 Leased and 2 available for future tenants New Roof, New Sewer Lines, and New Zone Heating & Air - Each retail space has its own thermostat for optimal climate control Landlord Pays Water & Gas (Tenants cover electricity) All tenants wish to stay, ensuring a stable income stream Why Invest Here? Prime Downtown Location: A sought-after corner lot in the heart of the city's vibrant downtown. Attractive Cash Flow: 5 apartments with long-term tenants and 7 retail spaces, 5 of which are already filled. Recent Upgrades: The building has received a major investment in infrastructure with a new roof, updated sewer lines, and independent heating/air systems for each retail space. Solid, Steady Income: With the existing tenants eager to stay, you can step into a fully operational building and start earning immediately! The Perfect Opportunity to Invest in Independence! This building is a perfect blend of residential and retail spaces, offering a well-rounded, low-maintenance income stream in a growing, prime location. Whether you're a seasoned investor or just starting, this is the building you've been waiting for! ?? Call Today for More Details and Schedule a Viewing!
MLS# | 2535223 |
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Listing Type | For Sale |
Style | Retail |
Sub-Type | Resale |
Status | Active |
Year | 1910 |
Days On Site | 6 |
Listing Provided By | Keller Williams Realty Select | Amber Gregory |
Story(s) | 2 |
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Zoning | C & I |
Acreage | 0.07 |
State | KS |
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County | Montgomery, KS |
City | Independence |
Zip Code | 67301 |
Area | 496 Montgomery County | KS |
Listing VS Median (In 67301) | |
Price: $345,000 low | high Med: $152,500 On site: 6 low | high Med: 33.000000 |