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James McGrew Jr

james@movewithmcgrew.com +1(316) 284-7767

Listed by Jacob Henderson • At Home Wichita Real Estate

$ 2,000,000

Est. payment | -/mo

9,610 SqFt

Save

$ 2,000,000

Est. payment | -/mo

Save

9,610 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,610 sqft

Price per Sqft $208

MLS Listing ID SCK680678

Style Garden

Total Fin. Sqft 9610

Year Built 1981

Annual Tax Amount $10,446

Tax Year 2025

Lot Dimensions 28750

Property Sub-Type Multi Family

Source sckansas

Property Description

Cash-flowing 20-unit apartment community producing $140,000 in net operating income, with clear room to push it higher. The mix of 4 studios, 13 one-bedrooms, 2 two-bedrooms and 1 three-bedroom appeals to a broad renter base, and the income is diversified across two models: 14 units leased to long-term tenants and 6 furnished, all-bills-paid corporate units renting month-to-month to traveling professionals. The heavy lifting on the exterior is already done, with a brand-new roof and fresh exterior paint. Inside, 10 units have been cosmetically updated, leaving 10 more ready for the same treatment so a new owner can raise rents to match and grow NOI and value.

Location

State KS

County Sedgwick

Direction From 235 head east on 13th turn north on N St Paul, turn east on W 15th St. Property is on the right. No sign in the yard.

Rooms

Basement Partially Finished

Interior

Heating Heat Pump

Cooling Heat Pump

Fireplace No

Appliance Range, Refrigerator

Heat Source Heat Pump

Exterior

Garage Description 1 1/2 per Unit, Paved, Off Street

Utilities Available Natural Gas Available, Sewer Available

View Y/N Yes

Roof Type Composition

Total Parking Spaces 24

Building

Unit Features [{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_1\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_2\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_3\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_4\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_5\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_6\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_7\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_8\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_9\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_10\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_11\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_12\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_13\"},{\"UnitTypeActualRent\":800,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_14\"},{\"UnitTypeActualRent\":800,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_15\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK680678Group_16\"}]

Architectural Style Garden

Structure Type Brick

Schools

Elementary Schools Ok

Middle Schools Pleasant Valley

High Schools North

School District Wichita School District (Usd 259)

Others

Financing Conventional

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(316) 284-7767

james@movewithmcgrew.com

2619 W 15th Wichita, KS 67203