Rose Hill Duplex 1 of 2 Available 422 & 424

Multi-Family for Sale
Catylist Listing ID: 30647543
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 2 Units
Building Size (RSF): 2,074 SF
Gross Land Area: 13,050 SF
Sale Price: $162,000
Unit Price: $81,000 Per Unit
Property Use Type: Investment
Building Name: 422-424 N Rose Hill Rd.
Usable Size (USF): 2,074 SF
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 9/8/2020

Overview / Comments

High area demand for nice rental property, no pets allowed. Market rate $750 and may have immediate rate increases to achieve this additional income.
Wonderful step free access, with washer dryer connections attached garages. Extra large rooms in this 2 bedroom 1 bath 1037 SF each side design. All furnaces and 3 air conditioners are new within the last year. 424 has a new dishwasher and no deferred maintenance. Tenants pay all utilities, yard mowing and trash.
422 is on Mo to Mo lease at $650, and 424 is on lease until 10-31-2020 at $725 per month. Make all offer subject to inspection as not to inconvenience the tenants until other terms are accepted. Prefer to sell with contiguous duplex of same size at 3 A & B Ridgeway directly east of the back yard.

Additional Details

Nearest MSA: Wichita
County: Butler
Taxing Authority: Butler County
Tax ID/APN: 3193203014011000
Zoning: 1102 DUPLEX USE
Percent Occupied: 100%
Community Amenities: Restaurant(s), Jogging Paths, Play Ground
Property Located Between: 63rd/Patriot/Rosewood and Silknetter
Highway Access: K-15 to 63rd-Patriot turn east to Rose Hill Road then turn right to Ridge Way; OR Highway 54/400 Kellogg East to Andover Rd turn South to Rose Hill
Airports: Dwight D Eisenhower Airport & Jabara or Benton for Private Planes
Site Description: Rectangle with 145 foot frontage on Rose Hill Rd and 90 foot on Ridge Way
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Built: 1977
Year Renovated: 2020
Construction/Siding: Wood Siding
Parking Type: Structure, Surface
Parking Description: 1 Car Attached garage each with double car parking pad in front
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Internet Access: Cable, Satellite
Interior Description: Exceptionally Large rooms and galley kitchens with windowed door to concrete side patio. 2 Bedrooms, 2 linen cabinets in the hallway. Double closets in the master bedroom. Ranch style living, no basement, no stairs, with attached 1 car garage.
Zoning Description: Residential
Part of Planned Development?: Yes
Lot Frontage: 145 Ft
Lot Depth: 90 Ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Easements Description: Electrical lines run along the south side of the property
Land Ownership: Fee Simple
Legal Description: Block A, Lot 2, Harris Heights

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,840 3,840 13,950
Median Age: 35.8 35.8 39.7
Households: 1,280 1,280 4,856
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