703 S Hydraulic

Description

703–709 S Hydraulic St is a four-unit multifamily opportunity consisting of two duplexes on one parcel, offering strong in-place income with additional upside. With three units already leased at an average of $900 per month and the fourth unit currently being marketed at $950, this property is positioned to produce approximately $3,666 per month or just under $44,000 annually once fully stabilized. As an investment, this stands out with major capital improvements already completed, including a new roof, new siding, new concrete work, new luxury vinyl flooring throughout all units, updated toilets and vanities, new kitchen sinks, and mostly new appliances. For investors looking to avoid immediate maintenance and renovation costs, the heavy lifting has already been done. Each unit offers a spacious and functional layout with all main living areas on the first floor and two bedrooms with one full bathroom upstairs. These larger unit sizes are a key advantage in this price range, helping attract and retain long-term tenants. Each unit also includes a full unfinished basement with mechanicals, laundry hookups, and significant storage space, providing additional value and future equity potential. Current ownership covers water, trash, and lawn care, while tenants pay gas and electric, creating a straightforward expense structure. Located along South Hydraulic with quick access to downtown Wichita, Old Town, and Kellogg, this property sits in a strong rental corridor with consistent demand. One vacant unit is available for showings until leased. Occupied units will be made available for viewing with with proof of funds or pre-approval letter. For investors seeking a renovated, income-producing four-unit property with strong cash-on-cash numbers and minimal immediate capital expenditure, 703–709 S Hydraulic St presents a compelling opportunity to add a high-performing asset to their portfolio. DO NOT TRESPASS OR DISTURB TENANTS.