1016 S Cedar Street Investor's Alert! Great opportunity to own two converted dwellings in the charming town of Ottawa KS*1016 S Cedar is located directly across from Ottawa University*This multi-family property has three units with a new HVAC system installed in 2024*Current lease on the main level includes the basement apartment in one lease (expires July 2025)*The main level apartment is accessed off the back covered porch*This is a 2 bedroom, 1 bath unit with laundry hook-ups*The 1 bedroom 1 bath basement apartment with laundry hookups is accessed through the side door off the driveway*The upstairs unit is accessed from the charming front porch of the home*This property also includes a detached garage*115 E 5th St includes an extra lot (would require a lot split to be sold separately)*This unique building has not only two 2 bedroom, 1 bath apartments but also includes two commercial units conveniently located near downtown shopping and dining*There is an attached garage which adjoins the west side commercial unit offering a large open reception area, three offices, two half baths and a kitchenette*The east side commercial unit was previously a bakery with a kitchen, pantry and half bath*The main floor 2 bedroom 1 bath residential apartment is accessed from the front porch and includes an extra non-conforming bedroom (no closet) with access to a full basement for storage and as a storm shelter*Upstairs residential unit has a great view of local park from the upper balcony*This is a 2 bedroom (one is non-conforming without a closet) 1 bath apartment with fresh paint and new carpet*