Investor opportunity! This well-maintained duplex at 308 E 5th Ave in Arkansas City offers strong rental income potential with two spacious 2 bed, 1 bath units, each featuring their own laundry room and functional layouts tenants love. The upper unit currently rents for $650/month and the lower unit rents for $700/month, providing immediate income with additional upside potential. Each unit offers generous living space and comfortable bedroom sizes. The lower level features central heat and air, and both units include separate laundry areas for added tenant convenience. Property includes off-street parking and sits in a convenient location close to downtown amenities, schools, and shopping. Whether you're looking to expand your rental portfolio or live in one unit while renting the other, this duplex is a solid investment opportunity with stable occupancy history and room for future rent growth. Features include: Two 2 bed / 1 bath units Separate laundry rooms for each unit Lower level with central heat & air Income-producing property Spacious layouts Strong rental demand area Opportunity for increased cash flow Call today to schedule your private showing! Seller is a licensed agent in the state of KS.
| MLS # | 673221 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 98 |
| Listing Provided By | NextHome Together | Lacey Pool |
| SQ Feet | 2,280 |
|---|---|
| Basement | Y |
| Units | 2 |
| Acreage | 3975.00 |
| Flooring | Carpet, Tile |
|---|
| Parking Features | 2 per Unit, On Street |
|---|
| Property | 1826 |
|---|
| State | KS |
|---|---|
| County | Cowley |
| City | Arkansas City |
| Zip Code | 67005 |
| School District | SCKMLS |
| School District | Arkansas City |
| Elementary School | Roosevelt |
| High School | Arkansas City |
| Listing VS Median (in 67005) | |
Price: $149,900 low | high Med: $124,900 sqft: 2,280 low | high Med: 2,241 $ / sqft: $66 low | high Med: $56 On site: 98 low | high Med: 53 | |
| State | KS |
|---|---|
| County | Cowley |
| City | Arkansas City |
| Zip Code | 67005 |
| School District | SCKMLS |
| School District | Arkansas City |
| Elementary School | Roosevelt |
| High School | Arkansas City |
| Listing VS Median (in 67005) | |
Price: $149,900 low | high Med: $124,900 sqft: 2,280 low | high Med: 2,241 $ / sqft: $66 low | high Med: $56 On site: 98 low | high Med: 53 | |