THIS SALE IS FOR THE LAND ONLY. DO NOT DISTURB THE TENANTS! DRIVE BY ONLY! You are buying the remaining leased fee interest in the property which will make you the lessor. Which means you will own the land in fee simple, but it is encumbered by a lease until the lease expires. The purchase includes all of the rights of a lessor and income. One very important lessor right is contained in paragraph 20 of the lease. Please discuss the ramifications of paragraph 20 in relation to the house with your Attorney or Agent. This lease expires on 6/30/26. $6100/year in rent plus property taxes. Sold AS IS, Where Is. Make all offers. Possession is subject to tenant lease.
Courtesy of NextHome KU Realty, Keahi D Pelayo.
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