1126 - 1162 N. Pennsylvania Ave. & 1163 N. Hydraulic Ave., Wichita, Ks 67214
12 views • May 9, 2022
Live Stream Auction Event! This property is being offered in a multi-property auction via live stream with real-time bidding! Property is selling with clear title at closing and no back taxes. Open house on all properties Sunday, May 15th, 1-5 PM.
EIGHT 2-bedroom, 1-bathroom single-family homes offered together! This is a terrific investment opportunity!
Currently, with 6 homes are rented, monthly income is $2,865 and $34,380 annually. Rents between $325-$650 depending on the length of tenancy and if recently remodeled. All tenants pay their own utilities. Seller pays for lawn maintenance. Seller pays trash on 1132 and 1150.
Each home, built with concrete blocks, has a paved driveway for off-street parking and features a full bathroom with tub/shower combo, gas range, and washer/dryer hookups in the kitchen. Three of the units have been beautifully updated with new flooring, countertops, bathroom tiling, and paint. The two vacant units are mid-remodel.
1126 - Vacant. Remodel in progress, needs to be finished by buyer
1132 - Remodeled in 2017, wall furnace, a/c window unit (tenant-owned), the seller pays trash on this unit. Rented at $600 per month, MTM
1138 - Wall furnace, a/c window unit (tenant owned), rented at $400 per month
1144 - Wall furnace, a/c window unit (tenant owned). Rented at $325 per month to 15 year tenant, MTM
1150 - Remodeled in 2020 & 2022. Mini split heat pump, seller pays trash. Section 8 tenant $565 per month
1156 - Remodeled in 2020. Wall furnace, a/c window unit (tenant owned), rented at $650 per month
1162 - Wall furnace, a/c window unit (tenant owned). Rented at $325 per month to 15 year tenant, MTM
1163 N. Hydraulic - Vacant. Gutted; needs complete remodel. Wall furnace and window a/c. Previously rented at $425 per month