About this home

Welcome to 204 W 5th Wellsville, Ks 66092 – a fantastic multi-family property that presents an excellent investment opportunity! This property, built in 1970, features five 1-bedroom, 1-bath apartments, each offering a cozy and comfortable living space. One of the most appealing aspects of this property is its excellent tenant history. All units are currently occupied by long-term renters, that has provided a steady and reliable rental income. The tenants are responsible for their electric usage, while the landlord covers the cost of gas and water due to the single meter arrangement. Each unit, comprising approximately 400+ sq. ft., is equipped with heat and window AC units. Additionally, the roof was replaced in 2015, providing peace of mind in terms of maintenance. The property's convenient layout includes a front door and back door for easy access to the rear of the building. Furthermore, the location is unbeatable. Situated just one block west of the bustling downtown main street, residents will have easy access to various amenities, including banks, eateries, shopping, and more. The recently renovated Wellsville High School is just a block away. Enjoy the nearby City park and pool. With affordable rents ranging up to $500 per month and all tenants on month-to-month leases, this property offers flexibility for both investors and occupants. Whether you're a seasoned investor looking to expand your portfolio or a new investor seeking an attractive and stable rental property, this multi-family gem ticks all the right boxes. Don't miss this incredible opportunity to own a well-maintained multi-family property with a strong rental history in a prime location.