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1427 E Central Ave

Wichita, KS 67214
  • $400,000
  • STATUS: Active
  • MLS #: 635472
$400,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:

School Ratings & Info

Listing information © 2024 South Central Kansas MLS.
Listing provided courtesy of Bernardo Flores of Fiesta Real Estate broker@fiestarealestate.net .




Description

Great opportunity to own a strip-mall fully rented bringing monthly income in excess of $ 3,000 with potential to expand on next lot sitting vacant and included in the sales price Centrally located on the corner of Mathewson Ave and E Central Ave sturdy brick building fully rented with five tenants (1425 E Central - restaurant, 1423 E Central - liquor shop, 1421 E Central - beauty salon, 1419 E Central - storage and 14191/2 - smoke shop). Monthly gross rental income is $ 3,216.00 modified gross with the prorated rent from the billboard. Lots of improvements like new flat roof in 2020 with 25-year warranty and updated electrical in 2010. As a result of a fire on adjacent building (now demolished) 1419 and 1421 were totally renovated and the sales price includes the now vacant lot.

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This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2024 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-04-04T00:01:08.36.
www.wichitarealestatesearch.com/homes/147740711
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1427 E Central Ave Wichita, KS 67214

  • Price: $400,000
  • Status: Active
  • On Site: Days
  • MLS #: 635472
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1950
Built
Neighborhood:
Mathewsons 2Nd
County:
Sedgwick
Property Description
Great opportunity to own a strip-mall fully rented bringing monthly income in excess of $ 3,000 with potential to expand on next lot sitting vacant and included in the sales price Centrally located on the corner of Mathewson Ave and E Central Ave sturdy brick building fully rented with five tenants (1425 E Central - restaurant, 1423 E Central - liquor shop, 1421 E Central - beauty salon, 1419 E Central - storage and 14191/2 - smoke shop). Monthly gross rental income is $ 3,216.00 modified gross with the prorated rent from the billboard. Lots of improvements like new flat roof in 2020 with 25-year warranty and updated electrical in 2010. As a result of a fire on adjacent building (now demolished) 1419 and 1421 were totally renovated and the sales price includes the now vacant lot.
Exterior Features

Construction Materials Brick VeneerConcrete Block Overhead Doors None Parking Features Parking to 10Parking to 25 Roof AsphaltFlat

Interior Features

Cooling Central AirElectric Flooring Concrete Slab Heating Forced AirGas

Property Features

Building Area Total 4770 Electric 220 VoltsThree Phase Loading Dock None Location Corner LotMixed UseRetail Strip Miscellaneous Features Smoke Heat Detector Ownership Individual Property Sub Type Retail Road Frontage Type City Arterial Sidewall Height Less than 10 Ft Stories Total 1 Street Additional Info 1418 E Mathewson Ln Tax Annual Amount 5802 Tax Year 2023 Transaction Type For Sale Utilities GasElectricCity WaterCity SewerSeparate Meters Zoning Neighbor Retail

Listing courtesy of Bernardo Flores of Fiesta Real Estate: broker@fiestarealestate.net .


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2024 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-04-04T00:01:08.36.
 
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Graham Realtors
9505 W. Central
Wichita KS, 67212

Listing information © 2024 South Central Kansas MLS.
Listing provided courtesy of Bernardo Flores of Fiesta Real Estate broker@fiestarealestate.net .