Prime Investment Opportunity in Leavenworth KS!
601/603 N 5th St, Leavenworth, KS
If you’re looking for a prime location property with substantial upside, here’s your deal.
This Downtown Row Store is a rare find, offering endless possibilities for the savvy investor. Located in the heart of Leavenworth, this property features two commercial units and four residential units, making it a versatile asset with significant value-add potential!
Key Features:
- Property Type: Downtown Row Store
- Units: 2 Commercial Units + 4 Residential Units
- Condition: Occupied up to 2023. All wiring, plumbing and HVAC is up to code. Needs some repairs. Dated, functional cosmetics. Utilities are off/winterized. Inspections welcome, sold as-is.
- Value-Add Potential: Residential could be reconfigured to have more bedrooms and more offices to lease, potential for 12+ bedrooms & 2 commercial spaces.**
This property is perfect for those looking to create a mixed-use space with options for short-term, mid-term, or long-term rentals.
The current layout includes:
- 2 Main Level Commercial Units
- 2 Main Level Residential Units
- 2 Upstairs Residential Units
With the right vision, this property could be transformed into a high-income-generating asset.
Potential for :
– Work/live tenancy
– House Hacking
– Short-term rentals 28 days or less
– Medium-term rentals for corporate or extended stay
– Long-term leases 6mo+.
The possibilities are truly limitless!
Investment Highlights:
- Rehabilitation Opportunity: Full rehab needed, offering the chance to tailor the space to your specific investment strategy.
- Flexible Use: Ideal for commercial use, private offices, live/work spaces, or residential units.
- Rent Projections :
Upstairs 9 Bedrooms (Padsplit)$750 /bed/mo $6,750 Upstairs 1 Bed w/ Ensuite bath $800 / mo $800 Lower S 1 Bed Apt. $1000 /mo $1,000 Lower N 2 Bedrooms (Padsplit) $750 / bed/mo $1,500 S Commercial $1000 /mo $1000 N Commercial $500 /mo $500 Total $11,550
Click Here – Proforma Outlining Rent Projections Using PadSplit Model
Click Here – Full Set of Photos
Contact Us Today:
For more information or to schedule a viewing, please contact
Ben Walls
913-426-0088
Ben@turnkeypropertyusa.com
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*All projections are estimates and not guarantees. Investors are advised to conduct their own due diligence.*