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$179,000
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Whitlocks Replat Area Multi-Family Home

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1719 S Glenn St Wichita, KS 67213

Bed
0 Baths
2100 sqft
MLS# 648338
This amazing new investment opportunity has just had the back unit updated with some new fixtures, features and has been freshly re-painted; now filled with a new tenant on a pre-paid year lease. The middle unit tenant will be moving out in December & will be made available for showings shortly thereafter. The front unit is a larger 2 bedroom unit with central heat/air. Both of the 1 bedroom units have wall installed electric PTAC units for heat & a/c, similar to what you'd find in a hotel. #1 - 2 bedroom unit currently mo/mo with well paying tenant @$625/mo (Market rent after a make-ready would estimate this unit at $725-775/mo depending on exact finishes). #2 - 1 bedroom unit will rent for $625-675/mo after make-ready. #3 - 1 bedroom unit currently pre-paid 1 year lease at $650/mo. Fully occupied at these market rates puts an est. annual rent roll of $24,600.* Landlord pays for combined city water/sewer bill & provides shared trash carts in addition to the summertime mowing. Basement has ample storage for supplies and tools, while providing easy access for maintenance & repairs. Water heaters ***Property is currently fully occupied *(until unit #2 moves out)* and showings will only be made available of the basement until #2 is ready to be shown as a model unit as well. Property currently has professional property management; showings of the occupied units will be made available with ample notice to tenants and an acceptable offer that may be made contingent upon the viewings.
Listing Courtesy of SOUTH CENTRAL KANSAS / Heritage 1st Realty / Ben McCormick