404-406 Arkansas Street, Lawrence, KS 66044
Local realty services provided by:CENTURY 21 Team Elite
404-406 Arkansas Street,Lawrence, KS 66044
$349,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: nicholas lerner
Office: mcgrew real estate inc
MLS#:2625001
Source:MOKS_HL
Price summary
- Price:$349,900
About this home
Investor Alert! Turnkey Duplex with Strong Rental Income in a Prime Lawrence Location. Here's an opportunity to acquire a quality investment property that checks all the boxes: location, condition, and reliable cash flow. 404-406 Arkansas Street is a well-maintained duplex located in the Pinkney Neighborhood, offering convenient access to LMH Health, Downtown Lawrence, the University of Kansas, and quick connections to I-70 for commuters. This location continues to attract strong tenant demand from a variety of renter profiles. The current owner has built a reputation for thoughtfully renovating properties to a higher standard than the typical rental unit. Through strategic updates and improvements, this duplex has been positioned to attract quality tenants while achieving above-average rental rates. Each unit features 2 bedrooms and 1 bathroom. With new leases scheduled to commence at the end of July, the property will generate $2,590 per month in gross rental income through July 28, 2027, providing investors with immediate and predictable cash flow. Whether you're looking to expand an existing portfolio or acquire a turnkey investment in one of Kansas' most stable rental markets, this property deserves serious consideration. This property is professionally managed by Foxtail Real Estate Co., one of Lawrence's leading property management firms. For investors seeking a truly turnkey acquisition, Foxtail is prepared to continue management services after closing, providing a seamless transition of ownership and day-to-day operations. Buyers will benefit from established systems, tenant relations, and local market expertise from day one. Alternatively, the new owner retains the flexibility to self-manage or select the property management company of their choice. Rent rolls and financial information are available upon request. Interior Photos were taken before the units were occupied. Photos provided may be from the neighboring duplex unit....
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Home facts
- Year built:1976
- Subdivision & Development:Other
- Listing ID #:2625001
- Added:84 day(s) ago
- Updated:September 01, 2026 at 02:18 PM
Heating and cooling
- Cooling:Electric
- Heating:Forced Air Gas
Structure and exterior
- Roof:Composition
- Year built:1976
- Lot area:0.14 Acres
- Construction Materials:Frame
Schools
- Middle school:Central
- Elementary school:Hillcrest
Utilities
- Water:City/Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$349,900
Parking
- Parking description:Off Street
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