A very good friend of mine wants to sell his condo he bought for his kid when she was going to school at the University of Kansas. It’s about 1/2 mile off campus on the west side, has two bedrooms, two full baths, a living room with a fire place, a separate dining room, laundry room and a lanai.
Now, the lanai has also been known to be used as a bedroom. Your likely tenants are college kids, after all. 
All appliances including a new oven/range, older washer and dryer, and an older refrigerator all stay with the property. There is also newer carpeting and vinyl flooring, less than a year old. New windows and new paint, as well.
We’re getting together this evening to discuss price. But I would say about $84,500. Rents should be about $695-$725. And of course as close to campus as it is I’m sure renting is not a huge issue.
So if you are looking for a rental property as an investment in Lawrence, Kansas do not hesitate to drop me a line.
2 Comments
March 31, 2008 at 5:20 pm
My father and i have been making investments in your local area and I have just come accross your ad. If the property is still avalible would like to speak with you.
March 31, 2008 at 6:18 pm
I am actually just putting the condo on the market tomorrow. Feel free to call me at 913.568.1579.