1232 N. Market St., Wichita, Ks 67214
29 views • Sep 29, 2020
NO MINIMUM, NO RESERVE!!! 5-unit apartment building / converted house in Northeast Wichita near amenities of Broadway and near Ascension Via Christi.
The exterior of this property features vinyl / metal siding, a covered front porch, a long driveway that leads to the detached one-car garage, a fenced backyard, and a back patio. The seller pays for water, trash, gas, and lawn maintenance. Tenants pay for electricity.
This property has (5) 1-bedroom, 1-bathroom units with separate entrances, separate electric meters, and shared gas. Three of five units are currently rented with a monthly income of $1,070 that is an annual income of $12,840! Fully rented this building has a potential monthly income of $1,595, annual income of $19,140.
Unit #1 - a rented main-floor unit at $470 per month, with a security deposit of $150, on a month-to-month basis. This unit features hardwood flooring in the living room, a ceiling fan in the dining room, and the kitchen refrigerator transfers. The kitchen has updated countertops.
Unit #2 - a rented unit at $300 per month, with a security deposit of $100, on a month-to-month basis. This unit is located upstairs and the kitchen refrigerator transfers with the sale of the property.
Unit #3 - a rented unit located upstairs with wood laminate flooring and a ceiling fan in the bedroom, a kitchen with an updated countertop, and one full bathroom. This home is currently rented at $300 per month, with a security deposit of $100, on a month-to-month basis.
Unit #4 - a vacant unit, located in the basement, has gas hook-up for the oven / range, and was previously rented for $275 per month.
Unit #5 - a vacant unit, located in the basement, has gas hook-up for the oven / range, and was previously rented for $250 per month.