661 S. Kansas Ave., Wichita, Ks 67211

18 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. Great investment opportunity! Triplex with (3) 1-bedroom, 1-bathroom units in Southeast Wichita! Currently, two out of the three units are rented. Each unit features white trim throughout with a living room that opens up to the kitchen with eating space. The kitchen also includes outside access, a refrigerator, and an oven. One large bedroom and a full bathroom with a tub/shower combination complete the units. Total monthly income of $975 with an annual income of $11,700. However, given the current market and recent updates, there is potential for much more income. Landlord pays for water, sewer, and trash. Tenant pays for electricity and gas. The units are on separate gas and electric meters. Unit 1 is rented for $525, month to month, with a $525 security deposit. This unit has a basement with a family room and additional storage space. Unit 2 is rented for $450, month to month, with a $450 security deposit, per the seller. Unit 3 is vacant but was previously rented for $475. Per the seller, this property was completely renovated in 2019 which includes new windows, doors, HVAC units, electrical, pumping, fixtures, toilets, appliances, flooring, interior paint, and window blinds.

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