306 N. Main St. in Medicine Lodge

Two leased units in a great Medicine Lodge location

1 Bed | 1 Bath | 520 SF | Built In 1927

Address	306 N. Main St., Medicine Lodge, KS 67104
Price	$75,000
Property Type	House with accessory unit
Home Size	520 sq. ft.
Year Built	1927
Lot Size	0.25 acres
County	Barber County, Kansas
Annual Taxes	$1,138

About this property

If you are in the market for an investment property, don’t let this one get past you. Both units are occupied and both are on fresh leases, so the income starts the day you take over.

Unit 1, at 306 N. Main St., is the stucco house out front — 1 bedroom, 1 bath, with the appliances included, off-street parking and a mini-split for air conditioning. It is leased at $625 a month with 11 months remaining on a 12-month lease.

Unit 2, at 306B N. Main St., is the sided unit behind it — 2 bedrooms, 1 bath, again with the appliances included, plus a detached carport, central air and alley access. It is leased at $825 a month with 10 months remaining on a 12-month lease.

Together the two units bring in $1,450 a month. The location is a big part of the appeal: downtown, the grade school and the hospital are all close by, which is exactly what keeps units like these rented.

Give Bobbie a call to take a look or to talk through the numbers.