$950,000
$975,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
15,540 SqFt
SOLD DATE : 09/07/2021
Key Details
Sold Price $950,000
Property Type Apartment
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 15,540 sqft
Price per Sqft $61
Subdivision Kansas
MLS Listing ID SCK593017
Sold Date 09/07/21
Style Combo Garden/Town Hs
Total Fin. Sqft 15540
Originating Board sckansas
Year Built 1969
Annual Tax Amount $5,604
Tax Year 2020
Lot Dimensions 38199
Property Sub-Type Apartment Complex
Property Description
Great investment opportunity! Over 90% occupied and ready to make you money! All 24 units are 3 bedrooms putting them at $40.6K a unit! Over the last 2-3 years 40K worth of make ready repairs have been made including water heaters, air conditioners, plumbing, electrical, and more. Currently at a gross yearly income of $131,460 with the opportunity of $144,000 at full capacity. Owner owns all appliances at the moment including window units. Tenants pay gas, electric, and $30 water fee. Owner pays water and trash as well as lawn maintenance. Parking is paved and provides 1 spot per unit as well as street parking.
Location
State KS
County Sedgwick
Direction Grove & 17th, West to Minneapolis, buildings on the corner of 17th and Minneapolis
Rooms
Basement Lower Level
Interior
Heating Wall Furnace, Other - See Remarks, Natural Gas
Cooling Window Unit(s), Other - See Remarks
Fireplace No
Appliance Range/Oven, Refrigerator
Heat Source Wall Furnace, Other - See Remarks, Natural Gas
Exterior
Garage Description 1 per Unit, Paved
Utilities Available Gas, Public, Sewer Available
View Y/N Yes
Roof Type Composition
Total Parking Spaces 24
Building
Unit Features [{\"UnitTypeBedsTotal\":24,\"UnitTypeType\":\"Unit 3\",\"UnitTypeKey\":\"SCK593017Group_3\"}]
Architectural Style Combo Garden/Town Hs
Structure Type Frame
Schools
Elementary Schools L'Ouverture
Middle Schools Pleasant Valley
High Schools Heights
School District Wichita School District (Usd 259)
Others
Financing None
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