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1808 N Market St

Wichita, KS 67214
  • $495,000
  • STATUS: Active
  • MLS #: 616341
UPDATED: 29 min ago
$495,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,686
    SQFT
  • $87
    $/SQFT
Neighborhood:
307
Type:
Multi-Family
Built:
1950
County:
Area:
307

School Information

Elementary School:
Middle School:
High School:

Listing information © 2022 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Nicole Kennedy of Reece Nichols South Central Kansas.




Description

INCOME PRODUCING MULTI-FAMILY PACKAGE - Property consists of two 4plexes and one Duplex, for a total of Ten 1 bedroom, 1 bathroom units. Eight of the ten units are currently rented for $495 per month, and two of the ten units rent for $400 per month, for a total gross income of $4,760 or $57,120 per year. Rental increase notices will be sent out soon and increase rents to approx $5,000 per month or $60,000 per year. Eight of the ten units have been updated inside, including new laminate flooring, new granite countertops, new fiberglass tub unit, new toilet, new bathroom vanity, mirror and light fixture, new faucets, new bedroom carpeting and pad. Two of the $400 per month units have long-term tenants who have lived here and paid on time for 10 plus years and are therefore not updated. Major improvements include - new HVAC systems in 9 of the 10 units between 2020 and 2022, all windows and front and back doors replaced in 8 of the remodeled units between 2020 and 2022. Seller has extra matching laminate flooring in storage that may transfer to buyer. Tenants pay electric and gas, Landlord pays water and trash. Refrigerator and Oven are provided by landlord and will transfer with sale, property has no laundry hookups, Laundromat located 1 block away. 1808 and 1802 are on east side of market street with shared parking lot, and 1809 is across Market to the west, parking is in alley. Rent roll and expense reports are included in MLS listing. Copies of leases will be provided with an accepted contract. Property to be sold as is, seller to make no repairs. To sellers knowledge, systems and appliances are in working order, assuming normal wear and tear. Seller member is a licensed real estate broker in the state of KS.

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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. ©2022 South Central Kansas Multiple Listing Service, Inc. 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: 2022-11-30T11:00:45.913.
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1808 N Market St Wichita, KS 67214

  • Price: $495,000
  • Status: Active
  • On Site: Days
  • Updated: 29 min ago
  • MLS #: 616341
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,686
SQFT
$87
$/SQFT
1950
Built
Neighborhood:
307
County:
Sedgwick
Area:
307
Elementary School:
Irving
Middle School:
Marshall
High School:
North
School District:
Wichita School District (Usd 259)
Property Description
INCOME PRODUCING MULTI-FAMILY PACKAGE - Property consists of two 4plexes and one Duplex, for a total of Ten 1 bedroom, 1 bathroom units. Eight of the ten units are currently rented for $495 per month, and two of the ten units rent for $400 per month, for a total gross income of $4,760 or $57,120 per year. Rental increase notices will be sent out soon and increase rents to approx $5,000 per month or $60,000 per year. Eight of the ten units have been updated inside, including new laminate flooring, new granite countertops, new fiberglass tub unit, new toilet, new bathroom vanity, mirror and light fixture, new faucets, new bedroom carpeting and pad. Two of the $400 per month units have long-term tenants who have lived here and paid on time for 10 plus years and are therefore not updated. Major improvements include - new HVAC systems in 9 of the 10 units between 2020 and 2022, all windows and front and back doors replaced in 8 of the remodeled units between 2020 and 2022. Seller has extra matching laminate flooring in storage that may transfer to buyer. Tenants pay electric and gas, Landlord pays water and trash. Refrigerator and Oven are provided by landlord and will transfer with sale, property has no laundry hookups, Laundromat located 1 block away. 1808 and 1802 are on east side of market street with shared parking lot, and 1809 is across Market to the west, parking is in alley. Rent roll and expense reports are included in MLS listing. Copies of leases will be provided with an accepted contract. Property to be sold as is, seller to make no repairs. To sellers knowledge, systems and appliances are in working order, assuming normal wear and tear. Seller member is a licensed real estate broker in the state of KS.
Exterior Features

Architecture Side By Side Construction Frame Lot Size Or Sq Ft 19109 Parking PavedOther/See Remarks Parking1 10 Roof Composition

Interior Features

Appliances Over/RangeRefrigerator Basement None Basement Finish None Basement Use None Cooling Central Electric Floors Other/See Remarks Heating Central GasForced Air Levels One

Property Features

Age 51 - 80 Years Amenities And Safety Fencing Flood Insurance Unknown Gross Income 60000 HOA No Multifamily Type Apartment Complex Owner Finance No Owner Paid Expenses Lawn MaintenanceTrashWater/Sewer Ownership Individual Property Taxes 2231.69 Sale Or Rent For Sale Sq Ft Source Court House Tax Specials Annual 79 Tax Specials Total 0 Tax Year 2021 Tenant Paid Expenses ElectricGas Terms Of Lease 6 Months To 1 YearMonth To Month Utilities Natural GasSewer

Listing courtesy of Nicole Kennedy of Reece Nichols South Central Kansas: [IDXCONTACTINFORMATION].


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2022 South Central Kansas Multiple Listing Service, Inc. 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: 2022-11-30T11:00:45.913.
 
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Graham Realtors
9505 W. Central
Wichita KS, 67212

Listing information © 2022 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Nicole Kennedy of Reece Nichols South Central Kansas.