501 S 1st, Stockton, KS 67669

Stockton 6-Plex

This listing features a 6 unit apartment complex located at 503 S. 1st in Stockton, Kansas (just south of the Post Office). This all brick building was built in 1952. It is very well constructed and remains in great condition. The building has 3 floors of finished living space, each floor has 2 units. Those units are detailed below. The building also has an elevator. Main Floor: Unit 1 = $500/month - 2 Bedroom, 1 Bathroom. Unit 2 = $500/month - 2 Bedroom, 1 Bathroom. Upstairs: Unit 3 = $500/month - 2 Bedroom, 2 Bathroom. Unit 4 = $500/month - 2 Bedroom, 2 Bathroom. Basement: Unit 5 = $400/month - 2 Bedroom, 2 Bathroom. Unit 6 = $275/month - 1 Bedroom, 1 Bathroom. The gross monthly income potential is estmated to be around $2675. Financial information, including utility costs and current rent roll for the apartment units can be sent to qualified buyers upon request. The seller has made recent improvements and updates to the building, including a new roof in September of 2020. Units 3 and 4 were remodled at the end of 2019. The property taxes for 2019 were $1533. The seller is willing to offer property management services to the new buyer. If you have any other questions or would like to schedule a showing please give me a call today.