ABSOLUTE REAL ESTATE
2 Buildings with 8 Apartments
Friday - February 2, 2018 - 1 PM
Auction Conducted at the Property
603 West Monroe Street - Mankato, KS
Donít Miss This Opportunity to Purchase This Investment Propert at AUCTION!
See this Auction atwww.hprealty.net & Click on Upcoming Auctions
or Call for an Appointment to See the Property.
Aerial Map of Apartments.pdf
2 Split-Level-Style Houses with 4 Apartments in Each
Legal Description: Lots 1 Thru 12, Block 11, Chapmanís 3rd Addition, Mankato, Jewell County, KS Tract Size: 2 Acres (+/-) 2017 Tax: $ 2860.28
The Property: These 2 Split-Level-Style Apartment Houses each have 4 Apartments with 2) 2-Bedrooms upstairs, a 2-Bedroom and a 1-Bedroom in the basement. All of the apartments have central heat and air with new gas furnaces recently installed plus a coin-operated washer and dryer located in the basement of each building. The exterior has composite lap siding and recent exterior updates include new storm doors and asphalt shingles. Interior updates include doors, flooring, walls and ceilings painted. Connected to City utilities for electric, water and sewer. Natural gas is provided by Atmos Energy. Conveniently located along the south side of Monroe Street at the west edge of Mankato with an off-street black-topped parking area that has plenty of room for full-size vehicles. There is also a small Storage building situated between the buildings. A spacious grassy area between the Apartments and the municipal swimming pool can be utilized as a play or exercise area. This property is attractive, neat, clean and as close to living in the country as you can get yet still be in the city limits.
If a solid income stream from an established turn-key business is part of your investment strategy, do not miss this opportunity to add this property to your portfolio.
Terms: 20% Deposit day of Auction. The balance due upon Closing on or about February 16, 2018. Possession given upon Closing. 2017 and prior years taxes paid by Seller. 2018 taxes prorated to Closing, based on the 2017 amount. The cost of Title Insurance and Escrow Closing fee shall be divided equally among the Buyer and Seller. This property is sold in ďas isĒ condition, no warranties. Prospective Buyers should inspect the property and draw their own conclusions. Announcements made at the Auction take precedence over advertising.
Heartland Partners Realty are agents representing the Seller.