703 S Hydraulic, Wichita, KS 67211

Property Description

703–709 S Hydraulic St is a fully occupied four-unit multifamily investment generating immediate rental income with additional upside built in. Current rents total approximately $3,616 per month, with a clear path toward approximately $3,800 per month as leases naturally turn over, creating nearly $45,600 in projected annual gross income. If you're looking for a buy-and-hold property that produces cash flow from day one instead of becoming your next renovation project, this is the opportunity you've been waiting for. Major capital improvements have already been completed, including a new roof, new siding, new concrete work, luxury vinyl flooring throughout all four units, updated toilets and vanities, new kitchen sinks, and mostly new appliances, allowing you to focus on ownership instead of deferred maintenance. Each duplex offers two spacious 2 bedroom, 1 bathroom units with all living areas on the main floor, bedrooms upstairs, and full unfinished basements providing laundry hookups, mechanicals, and abundant storage. These larger floor plans continue to attract quality tenants and encourage longer-term occupancy, helping reduce turnover over time. Tenants pay gas and electric while ownership covers water, trash, and lawn care, creating a simple and predictable operating structure. Located just minutes from downtown Wichita, Old Town, and Kellogg, this property sits in a well-established rental corridor with consistent demand and convenient access throughout the city. Occupied units may be viewed with proof of funds or pre-approval. For investors seeking immediate cash flow, completed capital improvements, and a four-unit property positioned for long-term appreciation, 703–709 S Hydraulic St deserves a closer look. Please do not trespass or disturb tenants.