231 W 4th, Junction City, KS 66441

Property Description

Value-add fourplex in central Junction City, minutes from Fort Riley. Four 1-bed, 1-bath units, two on the main floor and two in the finished lower level, on a large, level 0.296-acre lot (two platted lots) with RM multifamily zoning and on- and off-street parking. Big screened porch and a detached storage building. A recently updated unit has a remodeled kitchen, newer windows and central heat and air, advertised at $725 a month. Professionally managed by a local company, with lockbox access. Mix of existing tenancy and vacant units gives the next owner room to lease up and reposition rents. Buy it alone or with the nearby triplex at 321 W 5th St as a seven-door portfolio. Owner currently pays water and gas. Tenants previously paid an additional $75/month toward water; a new owner may reinstate this charge. Buyer to verify unit configuration, rents, leases and expenses.