2619 W 15th, Wichita, KS 67203
- $2,000,000
- 9,610
- SqFt
Listing courtesy of Listing Agent: Jacob Henderson from Listing Office: At Home Wichita Real Estate.
- List Price
- $2,000,000
- Status
- ACTIVE
- MLS#
- SCK680678
- Year Built
- 1981
- Style
- Garden
- County
- Sedgwick
Property Description
Cash-flowing 20-unit apartment community producing $140,000 in net operating income, with clear room to push it higher. The mix of 4 studios, 13 one-bedrooms, 2 two-bedrooms and 1 three-bedroom appeals to a broad renter base, and the income is diversified across two models: 14 units leased to long-term tenants and 6 furnished, all-bills-paid corporate units renting month-to-month to traveling professionals. The heavy lifting on the exterior is already done, with a brand-new roof and fresh exterior paint. Inside, 10 units have been cosmetically updated, leaving 10 more ready for the same treatment so a new owner can raise rents to match and grow NOI and value.
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Additional Information
- Taxes
- $10,446
- Living Area
- 9,610
- Appliances
- Range, Refrigerator
- Heating
- Heat Pump
- Cooling
- Heat Pump
- Construction
- Brick
- Roof
- Composition
- Elementary School
- Ok
- Middle School
- Pleasant Valley
- High School
- North
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