32 buildings. 4 units each consisting of two town homes and two flats. Occupancy is at 96%. These have newer HVAC systems, roofs and several have new siding. Each flat/townhome shares a basement which has locked storage areas and retreat from bad weather, as well as washer/dryer hookups. Built in book cases and hard wood flooring add to the charm of each unit. Property sits on 8.1 acres. Close to I 135 and public transportation, restaurants and shopping. Laundromat across the street. One unit is currently being used as the office, one for show. Two units are unavailable and are awaiting Lead based paint abatement. This listing information has been obtained from sources believed to be reliable. This information has not been verified and we make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Mulit-Family Garden Style Apartment Complex south of the Division II Pittsburg State University Campus. Constructed in '06 and opened in '07 under continuous management with an average 3yr occupancy of 98%. Units feature Vaulted Ceilings, Dishwashers, Washer/Dryer, Microwave, Stove, Fridge, and Walk-in-Closet. Walking distance to shopping and entertainment. Close to Hospital as well. ADA Units.
INVESTMENT OPPORTUNITY!!! Rare chance to purchase a 32 unit apartment complex in north Wichita with FULL OCCUPANCY!!!. 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 $455/month. There are 15 single-story 1-BR units that rent for $375 and there are 15 1-BR units with a 2nd level loft that rent for $395/month. 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 $200 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!!!
16 unit Multi, recent new roof, and Furnaces. 5705 Reeder, 108111 W 57th St, 10913 W 57th St and 5704 Ballentine, all four buildings are a portfolio sale. Double-digit cash on cash return on investment. Easy to manage, Great location and all within 1/2 block of each other. All units are rented month to month.
INVESTOR ALERT!! Maple Lane Apartments include 2 buildings with a total of 15 units just east of downtown Lawrence. All units feature 900 sq. ft. with 3 bedrooms, 1 bath & kitchen appliances. Building A units have washer/dryer hookups. Hard surface parking lot with approx. 39 spaces. Easy maintenance vinyl siding. Convenient location off 13th St. & Haskell Ave. Located few blocks east of the city 1.7 mile Burroughs Creek Trail & Park. Few blocks north of the city East Lawrence Recreation Center.