Rose Hill Duplex - 1 of 2 Available Contiguous

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30647574
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Status: Pending
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: 3 Ridgeway #A & #B
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 11/9/2020

Overview / Comments

High area demand for nice rental property, no pets allowed. Market rate $750 and 3 of 4 units may have immediate rate increases to achieve this additional income.
Wonderful step free access, with 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. 3 B is leased at $750 per month through 7-31-2021, and 3A is at $650 Mo to Mo, with long term tenant. Both have new electrical panels and no deferred maintenance.
Make all offer subject to inspection as not to inconvenience the tenants until all terms are accepted. Prefer to sell with contiguous duplex of same size at 422-424 N Rose Hill Rd directly west of the side yard.

Additional Details

Nearest MSA: Wichita
County: Butler
Taxing Authority: Butler County
Tax ID/APN: 3193203014010000
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 90 Ft frontage on Ridgeway and deep back yard. Tons of off street parking and 1 attached garage per unit with garage door openers.
Area Description: Highly desirable suburban bedroom community with highly rated school system. Small town atmosphere with easy access to all Wichita employers and McConnell AFB.
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 1
Year Built: 1977
Year Renovated: 2020
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Less than 50% Brick
Parking Type: Structure, Surface
Parking Description: 1 Attached garage, with double car width and deep driveway
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Other
Internet Access: Cable
Interior Description: 3B recent new tenant, replaced Kit Counter tops, backsplash, new stainless steel sink, faucet and disposal. Full repaint, new bathroom faucet and tub stoppers, and new exterior hose bib and piping. This unit has water line for icemaker and both have Garage door openers. Passage door to garages all recently replace with solid core doors.
Zoning Description: Residential
Part of Planned Development?: Yes
Lot Frontage: 90 Ft
Lot Depth: 145 Ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Easements Description: Electrical lines at the south end, or across rear of property
Land Ownership: Fee Simple
Legal Description: Block A, Lot 3, 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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