331 Commercial St Emporia, KS 66801

Property Details for 331 Commercial St

Year built

1890

Lot size

0.07 lot acres

Property size

5,725 SF

Property type

Retail space

APN

195-15-0-20-15-001.00-0

APU

1951502015001000

Description

This exceptional investment opportunity encompasses five structures across four distinct properties in Emporia, Kansas, offering substantial rental income and significant potential for future growth. The portfolio includes a triplex at 502 Neosho Street featuring one two-bedroom and two remodeled one-bedroom apartments, all currently leased. Also included is a renovated three-bedroom, one-bath, 1 1/2-story home at 717 East Street. A one-bedroom, one-bath home at 504 Chestnut Street is bundled with a four-bedroom, one-bath bungalow at 896 West 5th Street, both featuring crawl spaces. The cornerstone of this investment is the commercial property located at 331 Commercial Street. This building boasts two separate commercial rental spaces on the main floor and four residential apartments upstairs. Three of the four upstairs units and both main floor commercial spaces are currently leased, generating a combined monthly income of $2,550. This diverse portfolio presents a rare chance to acquire a substantial, income-producing real estate package in a desirable location. The properties offer a blend of residential and commercial income streams, providing a robust and diversified investment strategy. This is an ideal opportunity for investors seeking a turnkey portfolio with immediate cash flow and long-term appreciation potential. The properties are sold as a package.