115 East 9Th St Concordia, KS 66901
- Commercial real estate
- 0.27 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 115 East 9Th St
- Lot size
- 0.27 lot acres
- Property type
- Commercial real estate
Description
This mixed-use property located at 115 East 9th in Concordia, Kansas, presents a unique investment opportunity. Priced at $112,900, this 0.27-acre lot features a two-unit duplex totaling 1,889 square feet. Each unit offers approximately 949 square feet of living space, including two bedrooms and one bathroom. Recent updates include new carpeting, flooring, and fresh paint throughout both units. Appliances are included, and utilities are separately metered for each unit. The property boasts ample parking both in front and in the rear, with convenient alley access. Significant mechanical upgrades have been completed, including the installation of two new furnaces, central air conditioning, and two new water heaters in 2023. A new roof was also installed in 2023. Currently, the property is uninhabitable due to a wiring issue requiring repair by a certified electrician before occupancy. This presents a strong value-add opportunity for an investor willing to undertake necessary electrical repairs. Given the scarcity of duplexes on the market, this property represents a compelling investment prospect in a desirable downtown location. The zip code is 66901.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Concordia
- County
- 20029
- State
- Kansas
- Longitude
- -97.658554
- Latitude
- 39.5687482
