Price
$ 1,175,000

3024 N ARKANSAS AVE, Wichita, KS 67204  
  • 89,969 sqft

3024 N ARKANSAS AVE, Wichita, KS 67204  

INVESTMENT OPPORTUNITY!!! Rare chance to purchase a 32 unit apartment complex in north Wichita with all but four units currently being rented!!!. 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 $475 and $515/month. There are (30) 1-BR Units that rent for $399/month. The 1-BR units are either single story or 2-story units with lofts. 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 $300 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!!!

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Listing Type
Multi-Family
Listing ID
369539
House Size
89,969
Lot Size
0.00 sqft
Listing Status
Active
Year Built
1979
County
Sedgwick
Floors
2
Units
32
County School District
Wichita School District (USD 259
School District 1
Ortiz
School District 2
Pleasant Valley
School District 3
Heights
Taxes
1215.31
TaxYear
2016
Listing courtesy of McCurdy Auction, LLC
Price History
Get price alerts on price change
Date Event Change Price
8/15/2017 Price change $-24,000 (-2%) $1,175,000
5/10/2017 Price change $-100,000 (-7.7%) $1,199,000
3/9/2016 Price change $-46,000 (-3.4%) $1,299,000
10/17/2014 Price change $-50,000 (-3.6%) $1,345,000
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