$1,300,000
$1,450,000
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12,300 SqFt
SOLD DATE : 12/15/2023
Key Details
Sold Price $1,300,000
Property Type Apartment
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 12,300 sqft
Price per Sqft $105
MLS Listing ID SCK630101
Sold Date 12/15/23
Style Garden
Total Fin. Sqft 12300
Originating Board sckansas
Year Built 1983
Annual Tax Amount $10,543
Tax Year 2022
Lot Dimensions 23000
Property Sub-Type Apartment Complex
Property Description
Welcome to your next investment opportunity- a thriving 24 unit apartment community nestled in a serene residential neighborhood. The property has a gross revenue of $163,620 with an opportunity to continue to increase rent rates to market value. There have been many updates in the last two years including new roofs, approximately $35,000 of exterior repairs such as concrete in parking lot, new water main lines to each building, some siding and exterior painting. Interior upgrades include 5 hvac units, 4 water heaters, 3 refrigerators, as well as cosmetic updates to paint/flooring/bathrooms/ etc during each turn over. There is on site parking for each unit as well as other amenities including onsite laundry facilities, ample green space, private patio/balcony to each unit, and more. Don't delay schedule your showing today!
Location
State KS
County Sedgwick
Direction From Central and Mount Carmel go north on MT. Carmel to Elm then west to Sheridan and then property will be on the west side of the road.
Rooms
Basement None
Interior
Heating Central Electric
Cooling Individual Units, Central Electric, Other - See Remarks
Flooring Carpet, Tile, Wood
Fireplace No
Appliance Range/Oven, Refrigerator
Heat Source Central Electric
Exterior
Garage Description 1 per Unit, Paved
Utilities Available Public, Sewer Available
View Y/N Yes
Roof Type Composition
Total Parking Spaces 24
Building
Unit Features [{\"UnitTypeBedsTotal\":24,\"UnitTypeType\":\"Unit 1\",\"UnitTypeKey\":\"SCK630101Group_1\"},{\"UnitTypeBedsTotal\":0,\"UnitTypeType\":\"Unit 2\",\"UnitTypeKey\":\"SCK630101Group_2\"},{\"UnitTypeBedsTotal\":0,\"UnitTypeType\":\"Unit 3\",\"UnitTypeKey\":\"SCK630101Group_3\"},{\"UnitTypeBedsTotal\":0,\"UnitTypeType\":\"Unit 4\",\"UnitTypeKey\":\"SCK630101Group_4\"}]
Architectural Style Garden
Structure Type Frame,Other - See Remarks
Schools
Elementary Schools Ok
Middle Schools Hadley
High Schools North
School District Wichita School District (Usd 259)
Others
Security Features Central Laundry
Financing None
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