Home /   Realty Home /  550 E. 5th St. Colby KS 67701
BigIron Realty
Location: Colby, KS

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    Meadow Ridge Apartments

     8 units

     1 Bedroom Units

    6 units have larger living area

    2 Units have efficiency style kitchen/ living area

     Each kitchen has range and refrigerator

    Roof 12-15 years old

    Forced Air furnaces 12-15 years old

    All units but #1, & #7 have central air, those have window air

    Water heaters 12-15 years old

    Some units are month to month. #1 & #3 are 6-month leases, and # 4 & #8 are year leases. (These can vary during the listing period.)

    Seller pays for basic cable which is $145 a month.

    The seller pays all utilities.

    RENTS: # 1 $530, #2 $530, # 3 $550, #4 $550, # 5 $ 500, #6$530, #7 $530, #8 $550, Total Projected income per month, $4,270.

    Security Deposits to be transferred at closing (they are same as monthly rent)

    Copies of leases will be given at closing

    Plenty of off-street parking

    Close to the downtown area

    24 hours’ notice required to view (Please note 3-4 units will be open for viewing, so we can rotate and not stress out current tenants with each request for showings.)

    All personal property is "AS IS"

    Built: 1950

    Lot size: 15,625 Sqft

    Each unit approx. 400-500 sq feet.

    Heat: forced air gas

    A/C: 6 with central/ 2 units have window air

    2021 taxes: $7, 306.15 /Yr

    Avg* city bill: $504.87/ MO/8 units

    AVG* City landlord acct: $ 336.00 /MO

    Avg* gas bill: $352.00/Mo/ 8 units

    *avg based on current owners usage

    Additional information on each unit available upon request. Seller has been paying Utilities. Each unit has its own electric meter & gas meter if new buyer wants to discontinue paying utilities.



    Please see each Lot for specific terms.