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1815 N 127th St E
Wichita, KS 67206 East Wichita

$2,250,000

Apartments For Sale  •  16,482 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 16,482 Sq Ft
  • Lot Size 0.52 ac
  • Building Class B
  • Year Built 2013
  • Cap Rate 6.00 %
0 Transit Score
12 Walk Score

Description

Investment package of 4 luxury town homes available for purchase. These properties would make a great addition to your portfolio, with minimal maintenance, virtually no vacancies and incredible cash flow. There are a total of 8 units, each unit has 3 bedrooms and 3 bathrooms, large open living, dining and kitchen area, family room in view-out basement with wet bar, large basement storage, area and attached 2 car garage and additional parking in front of each unit. The granite counter tops, walk-in closets, vaulted ceilings and hand scraped engineered wood floors set these units apart. Located near Magdalen and Trinity Schools, K-96 and the 21st Street East corridor, the location is very desirable to many demographics. Built in 2013, this property has minimal maintenance. The units have had very little to no vacancies, with a waiting list. Tenants pay for all utilities except for trash service and mowing. Each unit rents for $1750-$1800 per month, for a gross rental income of approximately $170,000 per year. Rent rolls, leases and floor plans available upon request. To view this property, please contact the listing agent or your broker to set up an appointment providing plenty of notice to the tenants. 
Tenant Pays: Electric, Gas, Water/Sewer

Highlights

127th Street city project includes street widening, a new sidewalk and beautifual landscaping - to be completed 2019
Lakefront and Private back yards

Financial Summary

Cap Rate: 6.00 %

Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Fireplace
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Vaulted Ceiling
  • High Speed Internet Access
  • Oven
  • Sprinkler System
  • Range
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Carpet
  • Wi-Fi
  • Yard
  • Basement
  • Breakfast Nook
  • Deck
  • Dining Room
  • Family Room
  • Island Kitchen
  • Lawn
  • Linen Closet
  • Mud Room
  • Recreation Room
  • Window Coverings

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Nicole Kennedy 316-425-7653 Metro Real Estate Group
Nicole Kennedy 316-425-7653 Metro Real Estate Group