A fantastic investment opportunity featuring a full duplex with a total of 4 beds and 2 baths, offering 1,512 square feet of living space on each side. Nestled on a spacious 0.42-acre lot. This property is ideal for investors seeking a solid rental income. Each unit provides a comfortable and spacious living area with well-designed kitchens and ample living space. The property sits on a generous 0.42-acre lot, providing plenty of outdoor space. Located in a sought-after neighborhood in Merriam, KS. This duplex is an excellent opportunity for rental income or for those looking to live in one unit while renting out the other. Don’t miss out on this versatile property. The landlord has allowed rents to stay low due to the long-term relationship. Units are occupied. 9505 rent is $825 and is leased until 1/31/25, and 9507 rent is $938 and is leased until 8/31/24. Market rent for the area is $1,400.
Merriam is located in Kansas. Merriam, Kansas has a population of 11,259. Merriam is less family-centric than the surrounding county with 26.96% of the households containing married families with children. The county average for households married with children is 38.73%.
The median household income in Merriam, Kansas is $57,109. The median household income for the surrounding county is $81,121 compared to the national median of $57,652. The median age of people living in Merriam is 39.1 years.
The average high temperature in July is 88.3 degrees, with an average low temperature in January of 19.8 degrees. The average rainfall is approximately 41.3 inches per year, with 14.4 inches of snow per year.