Investment Opportunity in Washington, KS
Located at 302 West 2nd Street, Washington, Kansas, this property presents an outstanding opportunity for investors, contractors, builders, or buyers looking for their next renovation project. Whether your goal is to restore an existing home, add to your investment portfolio, or explore redevelopment possibilities, this property offers tremendous potential for the right buyer with the vision and resources to bring it back to life.
The property has been vacant for an extended period and will require significant repairs and updates throughout. It is being offered strictly “As Is, Where Is,” with no repairs or improvements to be made by the seller. Buyers should expect a substantial renovation project and are encouraged to carefully evaluate the property’s condition before making an offer.
This home provides an opportunity to create value through renovation or redevelopment. Depending on a buyer’s goals and inspection findings, the property may be restored as a residence or considered for future redevelopment. Some buyers may determine that the highest and best use of the property is as a future building site, while others may see the opportunity to renovate and preserve the existing structure.
Situated in the community of Washington, Kansas, the property offers convenient access to local schools, parks, shopping, restaurants, and other community amenities. Its location provides the charm of small-town living while offering an affordable investment opportunity for buyers seeking a project with long-term potential.
Investors looking for a value-add property will appreciate the opportunity to renovate according to current market preferences. Contractors and experienced renovators can customize the property from the ground up, while builders may wish to explore redevelopment opportunities based on their own research and plans.
The property is being sold with all remaining personal property and contents currently on site, which will transfer to the buyer at closing. No items will be removed by the seller prior to the sale.
Because of the overall condition of the property, buyers should be prepared for extensive repairs, including but not limited to structural, mechanical, electrical, plumbing, roofing, cosmetic, and general maintenance improvements. Buyers are strongly encouraged to perform their own inspections and consult with qualified contractors to fully understand the scope of any necessary work.
Important Showing Requirements
To ensure that showings are limited to qualified purchasers, appointments will only be scheduled after proof of financial qualification has been provided.
Cash buyers must submit either:
- A current bank statement showing sufficient funds to purchase the property, or
- A bank letter verifying available funds.
Conventional financing buyers must provide:
- A current lender pre-approval letter for a conventional loan in an amount equal to or greater than the asking price.
Showings will be scheduled only after this documentation has been received and verified.
Please note that cash buyers and conventional loan buyers only will be considered. The property is not expected to qualify for FHA, VA, USDA, or other government-backed financing programs due to its current condition.
All information provided is believed to be accurate but is not guaranteed. Buyers are responsible for conducting their own independent inspections, investigations, and due diligence regarding the property’s condition, zoning, square footage, utilities, building restrictions, redevelopment possibilities, and any other factors that may influence their purchasing decision. Buyers should rely solely on their own inspections and professional advice before completing the purchase.
If you’re searching for a project property with renovation or redevelopment potential in Washington, Kansas, this could be the opportunity you’ve been waiting for. Bring your vision, your contractor, and your imagination to explore the possibilities this property has to offer.
From: Zillow