1646 S Fern St, Wichita, KS 67213
- $900,000
- 9,936
- SqFt
Listing courtesy of Listing Agent: Dave Brown from Listing Office: Berkshire Hathaway PenFed Realty.
- List Price
- $900,000
- Status
- ACTIVE
- MLS#
- SCK669023
- Year Built
- 1980
- Style
- Other
- County
- Sedgwick
- Subdivision
- Princess Addition
Property Description
High-Yield 8.33% CAP Rate – Fully Leased 12-Unit Portfolio Maximize your ROI with this turnkey 12-unit multifamily portfolio. Comprised of three well-maintained four-plex buildings on a single parcel, this property offers an exceptional 8.33% CAP rate at the $900,000 asking price. Stable Income: 100% occupancy with an annual Net income of $75,000. Tenant Demand: All units are high-demand 2-bedroom, 1-bathroom layouts. Convenience: On-site parking (1 space/unit) plus ample street parking. Low Vacancy Risk: Diversified across three buildings, providing a resilient income stream with rents currently ranging from $675–$750/month. Perfect for the seasoned investor looking for immediate cash flow or a 1031 exchange. Don’t miss this rare opportunity to acquire a high-performing asset in a steady rental market.
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Additional Information
- Taxes
- $8,594
- Living Area
- 9,936
- Appliances
- Dishwasher, Disposal, Range, Refrigerator
- Heating
- Forced Air, Natural Gas
- Cooling
- Electric
- Construction
- Brick Veneer, Frame
- Roof
- Composition
- Elementary School
- Stanley
- Middle School
- Hamilton
- High School
- West
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