8 Units - (2) 4 Unit Buildings Side by Side

Multi-Family for Sale
Catylist Listing ID: 30764366
Property Subtypes: Duplex/Fourplex
Number of Units: 8 Units
Building Size (RSF): 4,216 SF
Gross Building Area: See Agent
Gross Land Area: 11,381 SF
Sale Price: $500,000
Unit Price: $62,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/29/2021

Overview / Comments

Incredible investment opportunity in the heart of Wichita.(2) side-by-side 4-unit buildings. All one bedroom, one bath. 7 of the units have been updated with granite counters, LVP flooring, fresh paint, stainless appliances and much more. The updated units rent for$600/month with one unit renting at $400 to a month to month long term tenant. One of the units is currently vacant. When rented could bring in over $4,600 with the current tenants in place! Just a couple blocks from the Ice Center and the Riverfront stadium.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $2,094 (Annual)

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087129290220101400B
Percent Occupied: 88%
Property Located Between: Maple and Seneca
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 1
Year Built: 1950
Year Renovated: 2020
Construction/Siding: Brick
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 8
Heat Type: Electricity, Natural Gas
Heat Source: Central, Wall Units
Air Conditioning: Package Unit, Window Unit
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: N 50 FT LOT 2 BLOCK 4 LAWRENCE ADD.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,502 121,125 253,154
Median Age: 33.27 33.52 33.61
Households: 5,699 49,566 101,630

Contact

Photograph of Listing Agent

Daniel Guttierrez

Keller Williams Hometown Partn
KSCRE Member
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