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32720979
32720956

4451 N Sandplum St, Wichita, KS 67205

BR
KS BR SP00218596
Russell Real Resources
Listed by Russell Real Resources
$365,000
195 days on market
Updated 17 days ago

North forty fifth addition

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,752
Cap Rate 5.75%
NOI $21,000
Pro-Forma Cap Rate 6.3%
Pro-Forma NOI $23,000
Price per SqFt $133
Year Built 2024
Lot Size (SqFt) 8,388
Parking Spaces 2 per unit
Ownership LLC

Multifamily

Marketing description

Fully leased and stabilized NEW neighborhood of Edgewater Villas 45th and Ridge Road in Northwest Wichita. Duplex Townhomes are ideal for active, low maintenance lifestyles or to begin your investment portfolio.

Very popular plan with a functional 3 bedroom split floor design. Each side has three bedrooms, two full bathrooms and a large 600 sf 2 car garage. Convenient location in Maize High School District with easy access to K96 Highway.

HOA manages the lawn mowing, sprinkler and well water. Tenants cover utilities and trash. Living space is very nice with modern finishes, LVP flooring, granite in kitchen and bathrooms. Walk in pantry in kitchen. 9 foot ceilings. Outdoor covered patio with spacious rod-iron fenced backyards.

CAN BE SOLD AS PART OF A PACKAGE

Investment highlights

Poplar and convenient new while stabilized neighborhood in Maize school district. Rents are increasing, vacancy is minimal, waitlist. HOA handles yards. Low maintenance no steps.

Listing Contacts

BR
KS BR SP00218596
Russell Real Resources
Listed by Russell Real Resources

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$21,000.00
$1,750.00/mo

Valuation Metrics

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DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Bree Russell, CCIM
License
BR SP00218596
Brokerage
Russell Real Reaources
Brokerage Phone
3165167417
Brokerage Address
6402 West Kollmeyer Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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