3024 North Arkansas Ave., Wichita, KS 67204

FOR SALE
  • $1,395,000
  • 91 Days on site
  • Beds: n/a
  • Baths: n/a
  • Multi-Family Home
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  • MLS Photos (24)
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Description

INVESTMENT OPPORTUNITY!!! Rare chance to purchase a 32 unit apartment complex in north Wichita with FULL OCCUPANCY!!!. This package consists of (8) Four-plexes with an office/shed all on just over two acres of land at 30th North & Arkansas Avenue. These buildings have stone and vinyl exteriors. The unit mix consists of three floor plans. There are (2) 2-BR units that rent for $455/month. There are 15 single-story 1-BR units that rent for $375 and there are 15 1-BR units with a 2nd level loft that rent for $395/month. The landlord provides an oven/range and refrigerator. The exterior has 3 separate parking lots with approximately 2 parking stalls per unit. Only one unit is section 8 and all others are self-pay. This property historically has a very low vacancy rate, the owner keeps a sign out front and gets approximately 30 calls per month of people looking to rent. All units are total electric. Tenants pay electric and water. Owner pays lawn, trash, 2 electric house meters and water on shop. Over half the buildings have new roofs and many of the units have updated central air conditioning units. All tenants have written leases (they typically do 1 year leases which convert to month to month thereafter) with $200 deposits and the owner charges a $25 application fee. The owner charges a $25 late fee if not paid by the 5th of the month and $2/day beyond. Please do not disturb tenants!!! Click here to learn more about this listing

  • MLS ID# 369539
  • Year Built: 1979
  • 91 Days on site
  • Multi-Family Home
  • Beds: n/a
  • Baths: n/a

Listing Details

Flooring
Carpeted
Parking
Parking Space (2)
Roof
Shingle Roof
Features
Vinyl Exterior
Tax Amount
$10,741.86
Cooling
Central Air, Central Cooling
Heating
Electric

Local Info

Population
19,063
Median Household Income
$55,871
Median Years In Residence
8
Median Homeowner Age
37
Households with Children
42.42%
Percent of Homes Rented
27.38%

Nearby Elementary Schools

1212 W 25th St N
3030 N Amidon Ave
2000 W 29th St N

Nearby Primary Schools

1613 N Piatt Ave

Nearby Middle Schools

3030 N Amidon Ave
2220 W 29th St N
2023 N Arkansas Ave

Nearby High Schools

3841 N Meridian Ave
1437 N Rochester St
4558 N Hydraulic St

Nearby Other Schools

810 N Holyoke St

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Mortgage Rates

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Property Contact Info

Listing Provided By: Mccurdy Auction, Llc
(316) 683-0612
Listing Agent: Braden Mccurdy

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