3421 & 3423 E Penley Dr, Wichita, KS 67218
- $309,900
- 3,255
- SqFt
Listing courtesy of Listing Agent: Dwight Boyce from Listing Office: Wheat State Realty, LLC.
- List Price
- $309,900
- Status
- ACTIVE
- MLS#
- SCK678425
- Year Built
- 1947
- Style
- Side by Side
- County
- Sedgwick
Property Description
Turnkey Multi-Unit Investment, $3,250/mo Current Income, Solid Brick construction. Exceptional income asset near St. Joseph Hospital. This unique property offers four functional living spaces (two main-level 2-bed/1-bath units and two lower-level spaces with kitchen, bath, and laundry hookups). Lower-level bedrooms currently feature non-conforming windows—ideal for an investor looking to install egress windows and maximize long-term equity. or house-hack, live in one unit while the remaining three offset your mortgage. Financial Highlights & Key Features: Gross Income: $3,250/month ($39,000/year gross). Unit 3421 A ($800/mo), Unit 3421 B ($800/mo), Unit 3423 A ($900/mo), Unit 3423 B ($750/mo). Capital Upgrades: Brand-new HVAC installed in 2024; second system replaced in 2018. Low Maintenance: Durable brick exterior and 4 dedicated off-street parking spots. Tenants in 3423 take care of the yard. Upside: Clear value-add potential by upgrading lower-level egress windows and transitioning utility responsibilities to tenants. Landlord pays electric, gas & water on 3423 (A&B) and pays all trash.
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Additional Information
- Taxes
- $2,926
- Living Area
- 3,255
- Appliances
- Microwave, Range, Refrigerator
- Heating
- Natural Gas
- Cooling
- Electric
- Construction
- Brick
- Roof
- Composition
- Elementary School
- Griffith
- Middle School
- Mead
- High School
- East
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