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$540,000   Price Analysis
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1016 S Cedar St
Ottawa, KS 66067
Unknown bed None bath 2,811 SqFt ($192/SqFt)
0.26 acre lot. Built 1924
Listed 2024-04-03, Taxes $2,572
USDA Eligible
near Ottawa, KS
 Restrictions may apply
due to home size

Property Details

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 hme 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 g arage 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 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.

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 hme 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 g arage 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 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.


Presented by Peggy Reed at
Crown Realty.
Listing Agent Photo

Property MLS #2480567 from KansasCity

Laundry Features: In The Basement, Inside

Cooling Features: Central Electric
Heating Features: Central Gas

Patio And Porch Features: Deck, Porch
Road Responsibility: Public Maintenance
Road Surface Type: Paved

Lot Size Acres: 0.2582645
Lot Size Dimensions: 75x150
Lot Size Square Feet: 11250

Parking Features: Detached
Parking Total: 1

Gross Income: 28500
Lease Term: Month To Month, One Year Lease

Number of Units: 2
Unit Type: 2 Bedroom, 3 Bedroom

School District: Ottawa

Garfield Elementary School is a public elementary school located approximately 0.3 miles away.
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Sacred Heart Catholic School is a private elementary school located approximately 0.7 miles away.
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Ottawa Sr High School is a public middle and high school located approximately 0.7 miles away.
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Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 2787.00
Source Listing Status: Active
County: Franklin, KS
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 street).
Source Property Type: Residential Income
Source Neighborhood: Ottawa
Parcel Number: 131-01-0-20-21-013.00-0
Subdivision: Ottawa
Zoning: R2
Flood Plain: No
Property Subtype: Package of Properties
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$12,810 + $2,982
$15,792
$2,572
2021$11,854 + $2,981
$14,835
$2,535
2020$10,980 + $2,747
$13,727
$2,397
2019$10,744 + $2,527
$13,271
$2,362
2018$10,559 + $2,332
$12,891
$2,314
2017$10,708 + $2,332
$13,040
$2,358
2016$10,893 + $2,332
$13,225
$2,358
2015$10,628 + $2,332
$12,960
$2,303
2014$10,311 + $2,332
$12,643
$2,160

Listed 2024-04-03
$540,000
KansasCity
Sold 1994-09-01
$0
Public Record

Operating Expense: 6200
Operating Expense Includes: Property Insurance, Real Estate Tax, Sewer, Water

Year Built: 1924
Building Area Total: 2811
Construction Materials: Frame
Property Age: 100
Roof: Composition
Levels or Stories: 2
Year Built Details: 76-100 Years

Sewer: City/Public
Multi-Unit Heat/Air
Water Source: City/Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.