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Archived over 3 years ago

$15,000

4 bd 2 ba 2140 sqft

301 South A Street, Herington, KS 67449

Residential SFR Needs Repairs Off MLS

Current Rent **

$765

Projected Rent **

$765

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

FOR SALE: SFH, 4/2 in Herington, Kansas

My mother-in-law has been trying to sell her deceased brother's home for 5 years now. It's a fixer upper and can either be a 4/2, or converted to 2, 2/1s. Carport garage is only a few years old.

This house is for sale in Herington, Kansas and is approximately 45 minutes south from the Ft. Riley Army Base, 40 minutes southwest from Abilene, Kansas and 1 hour from McPherson, Salina, and Emporia, Kansas.

Great rental property for anyone in the military. The house is 2,140 sqft on a 5,900 sqft lot.

More pictures of the house are posted on Zillow and this is an off-market opportunity. (https://www.zillow.com/homes/301-South-A-Street,-Herington,-KS_rb/91125253_zpid/)

Asking price: $15,000
Rehab: $40,000
ARV: $65,000
POC: Susan Buchwald, Cell: 817-300-9464, Herington, Kansas

Kurt Michaelson, Cell: 817-797-3953, Yukon, Oklahoma

Location:

301 South A Street, Herington, KS 67449

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.