$52,000

305 Kansas Drive, Iola, KS 66749

About This Property

Opportunity awaits with this 3 bedroom, 1 bathroom home featuring a garage and an expansive corner lot! In need of a complete remodel, this property offers incredible potential for investors, renovation enthusiasts, or buyers looking to create their dream home. Located just steps from Iola Elementary School, this property offers a convenient location for families and future homeowners alike. Why invest in Iola? The City of Iola's Neighborhood Revitalization Program offers a tremendous incentive for qualifying property improvements! With an approved building permit and qualifying renovations, property owners may be eligible for a 95% rebate on the increase in property taxes resulting from improvements for up to 10 years! This program creates an opportunity to renovate, increase property value, and build equity while potentially saving thousands in additional property taxes over time. Eligibility and approval requirements apply. Beyond the financial incentives, Iola continues to offer exciting opportunities for community growth, recreation, and investment. The community is home to Lehigh Portland State Park, featuring approximately 360 acres of scenic recreation, a beautiful quarry lake, miles of hiking and biking trails, and camping opportunities. This remarkable destination adds to Iola's appeal as a place to live, work, and invest. With its spacious corner lot, proximity to Iola Elementary School, and significant renovation potential, this property is an excellent opportunity for a rental investment, resale project, or complete residential transformation. Whether you're an experienced investor or someone ready to take on a rewarding renovation, now is the time to discover what Iola has to offer. Invest in the property, build equity, and become part of Iola's continued revitalization! Property is being sold as is. Tax rebate eligibility is subject to program requirements and approval.

Features & Details