1101 S Broadway Street

Unbelievable deal and price point! An EXTREMELY RARE opportunity to own a SOLID quad plex on Leavenworth's Historical Broadway street. Take a google street view to see how exquisite the location and surrounding properties are! There have only been ONE 4plex/triplex listed in the area in the last YEAR! Cash flow opportunity is tremendous in this high demand rental town. Leavenworth is famed for Fort Leavenworth, the second oldest and most active United States Army post west of Washington D.C. Previous monthly income was $3,825 (tenant in Unit A recently deceased and seller wanting to leave vacant for new buyer). Priced to make a feasible investment for the financed buyer once assigning tenancy to vacant unit, which has had several repairs and cosmetic tune ups to become rent ready. All units with ample space, three 1 bed/1 bath units and one 2 bed/1 bath unit. Two car garage is currently being rented out at $150/mo! Tenants are happy, but each unit could use some cosmetic touches and updates to continue lining up rents with market. Since owning, seller has updated most plumbing to PEX, repaired/replaced foundation joists, put on a new roof, gutters and downspouts! The basement can be accessed through the empty unit A, VERY CLEAN AND DRY. 3 of 4 water heaters have been updated within the last few years. Thinking of other value add plays? Electricity is metered for owner to bill or share with tenants (all currently landlord paid). These units are in good shape but could use some minor cosmetic updates/improvements - would take existing great rental income to the next level.