Multiple rental properties in Lincoln, KS – For Sale by Owner

Entrepreneur Opportunity!

A number of rental properties in Lincoln, KS, are available for sale, which could provide an entrepreneur a unique opportunity to purchase one, two, or more houses as a long-term investment and potential secondary source of income. This opportunity could be ideal for an entrepreneur who is handy with home repairs and small improvement projects because of his/her ability to make necessary improvements upon purchase and to handle ongoing maintenance in the long-term.  Rental houses are in high demand in the area.

Properties For Sale by Owner*
Contact: Becky at (316) 347-7454 or [email protected]
*Most of these houses are currently rented and occupied. Please respect the tenant’s privacy and contact Becky before going on to the property.

For Sale By Owner - 103 N 2nd Street, Lincoln, KS - 2 bedroom house with central air, basement and shed - $18,000

103 N 2nd Street, Lincoln, KS – 2 bedroom house with central air, basement and shed – $18,000

 

For Sale By Owner - 108 Rodman Street, Lincoln, KS - $8,000

108 Rodman Street, Lincoln, KS – $8,000

 

For Sale By Owner - 204 E Lost Street, Lincoln, KS - 1 bedroom house with central air (recently replaced) - $17,000

204 E Lost Street, Lincoln, KS – 1 bedroom house with central air (recently replaced) – $17,000 

For Sale By Owner - 206 E Yauger Street, Lincoln, KS - 2 bedroom house with central air and basement, shed in back yard - $15,000

206 E Yauger Street, Lincoln, KS – 2 bedroom house with central air and basement, shed in back yard – $15,000

 

For Sale By Owner - 208 E Lost Street, Lincoln, KS - Being sold jointly with adjacent property at 212 E Lost Street - $18,000 (for both properties)

208 E Lost Street, Lincoln, KS – Being sold jointly with adjacent property at 212 E Lost Street – $15,000 (for both properties)

 

For Sale By Owner - 212 E Lost Street - 3 bedroom house, recently shingled. Being sold jointly with adjacent property at 208 E Lost Street - $18,000 (for both properties)

212 E Lost Street – 3 bedroom house, recently shingled. Being sold jointly with adjacent property at 208 E Lost Street – $15,000 (for both properties) – Price recently reduced from $18,000

 

For Sale By Owner - 212 E Yauger Street, Lincoln, KS - 3 bedroom house with central air and basement, shed - $12,000

212 E Yauger Street, Lincoln, KS – 3 bedroom house with central air and basement, shed – $5,000 (Price recently reduced from $12,000)

 

For Sale By Owner - 228 W South Street, Lincoln, KS - 2 bedroom with central air and garage - $45,000

228 W South Street, Lincoln, KS – 2 bedroom with central air and garage – $40,000

 

For Sale By Owner - 307 N 2nd Street, Lincoln, KS - 3 bedroom house - $20,000

307 N 2nd Street, Lincoln, KS – 3 bedroom house – $20,000

 

For Sale By Owner - 308 W Yauger Street, Lincoln, KS - 3 bedroom with central air (recently replaced) - $30,000

308 W Yauger Street, Lincoln, KS – 3 bedroom with central air (recently replaced) – $30,000

 

For Sale By Owner - 318 E Court Street, Lincoln, KS - $22,000

318 E Court Street, Lincoln, KS – $22,000

 

For Sale By Owner - 323 W Yauger Street, Lincoln, KS - 3 bedroom house - $10,000

323 W Yauger Street, Lincoln, KS – 3 bedroom house – $5,000

 

For Sale By Owner - 409 W School Street, Lincoln, KS - 1 bedroom house - $8,000

409 W School Street, Lincoln, KS – 1 bedroom house – $8,000

 

For Sale By Owner - 413 N 4th Street, Lincoln, KS - 2 bedroom mobile home with central air, shed in back yard - $18,000

413 N 4th Street, Lincoln, KS – 2 bedroom mobile home with central air, shed in back yard – $18,000

 

For Sale By Owner - 415 W School Street, Lincoln, KS - 2 bedroom double-wide mobile home with central air on large lot - $12,000

415 W School Street, Lincoln, KS – 2 bedroom double-wide mobile home with central air on large lot – $10,000

 

For Sale By Owner - 514-516 S 3rd Street, Lincoln, KS - 1 bedroom house being sold with adjacent lot that has a garage - $17,000

514-516 S 3rd Street, Lincoln, KS – 1 bedroom house being sold with adjacent lot that has a garage – $17,000

 

For Sale By Owner - 518-528 E Yauger Street, Lincoln, KS - 3 bedroom house on large lot being sold with adjacent lot - $25,000

518-528 E Yauger Street, Lincoln, KS – 3 bedroom house on large lot being sold with adjacent lot – $25,000

 

Financial Resources for an Entrepreneur

Rental houses are in high demand in the area and important to the economic growth of the county. While most of these houses need some repairs, the Lincoln County Economic Development Foundation (LCEDF) has identified several programs that may be available to an entrepreneur(s) interested in starting a rental housing business.

  • Weatherization Assistance Program – Administered by the North Central Regional Planning Commission, the WAP can provide financial assistance for improvements that reduce energy costs for low-income households while ensuring their health and safety.  Improvements could include replacing furnaces, repairing windows and doors, adding insulation, installing roof vents, etc.
  • Neighborhood Revitalization Program – Provides a property tax rebate to property owners who make improvements to their properties within the city limits of Lincoln or Sylvan Grove.  Improvements must be valued at a minimum of $20,000 in Lincoln ($15,000 in Sylvan Grove) and result in an increase in assessed valuation of at least twenty percent (20%) as determined by the Lincoln County Appraiser.
  • Low-Interest Revolving Loan Fund – The LCEDF can provide low-interest loans in conjunction with a bank loan for down payment assistance or gap financing.  The loan can be used for property acquisition, purchasing a business, construction, working capital, or purchasing of equipment or inventory. Loan terms are intended to be flexible to fit the needs of the business.
  • Potential future programs – Over the course of the next year, the LCEDF hopes to apply for grant funding that can provide additional resources to property owners who will invest in rental houses within the county.  More information will be available over the next few months.

For more information on these programs, feel free to contact Kelly Gourley, Director of the LCEDF, at 785-524-8954 or email [email protected].

 

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