Former Land Bank Property Listed for Sale Following Rehabilitation
The City’s REDO Atchison initiative (Rehabilitation, Enforcement, Demolition, Occupancy) has it’s first “Rehabilitation” success story.
The Rehabilitation portion of the REDO program is aimed at turning run-down and vacant houses into quality, livable homes. The initiative is a response to two issues facing the community – lack of quality housing options and declining neighborhood property values. Through strategic property acquisition, typically via a Sheriff’s Tax Sale, the City hopes to facilitate property redevelopment before demolition becomes the best outcome for dilapidated structures.
1121 Hickory Street, which was acquired by the City at a tax sale a few years ago for less than $100, has now become a wonderful success story of the REDO program.
Lucas Hunziger acquired the property from the City of Atchison for $500 following a public and competitive proposal process. Since the acquisition Hunziger has worked to rehab the property and it was just recently listed with a local realtor. As of 12/2/2019, the list price is $77,600.
The City currently has two other properties in the REDO Atchison Rehabilitation program, one at 401 N. 9th Street, which was purchased at a recent Sheriff’s Tax Sale and 1412 Kansas Avenue, which was gifted to the City by a bank following foreclosure proceedings. The City is actively seeking proposals from rehabbers for both properties.
For more information please contact Joe Warren at (913) 367-5500 or email@example.com.