Turnkey Investment Property

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30721845
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 28 Units
Building Size (RSF): 15,456 SF
Gross Building Area: See Agent
Gross Land Area: 48,110 SF
Sale Price: $1,100,000
Unit Price: $39,285.71 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/14/2021

Overview / Comments

TURNKEY INVESTMENT PROPERTY! This is a great opportunity to purchase a well managed package of fourplexes with low vacancy. The property consists of 7 buildings. Each building includes (1) one bedroom unit and (3) two bedroom units. The tenants pay for gas, water and electric. The landlord pays for trash, seasonal mowing and the parking lot light. There is ample parking available. The landlord provides a laundry washer and dryer to some of the units in which he can charge extra rent for. The units are gas heated with window AC units. The current management has done a quality job in updating many of the units and also keeping the property mostly occupied year around.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087123050410301700A
Total Number of Buildings: 7
Number of Stories: 1
Year Built: 1950
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,729 79,836 204,239
Median Age: 28.42 33.8 34.73
Households: 3,550 31,765 83,652
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