Listed by Berkshire Hathaway HomeServices PenFed Realty Wichita
$330,000
Minnesota Properties
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Year Built 1930
Stories 4
Multifamily
Marketing description
Investors! Here is your opportunity to own 3 buildings and renovate them to fit your financial needs! 1 bedroom apartments in this area rent for $650-$800 and 2 bedrooms are $750-$900. If you run those numbers, you can see the potential! Once renovated this will be cash flowing very quickly! This portfolio offers 3 brick buildings with each building having 4 units with the possibility of 432 having a 5th in the basement. Basement was previously an apartment. All 3 buildings have usable basements for storage, laundry or whatever. Each one has over 1k sq ft in the basement. Owner is even willing to do an Owner Carry, please reach out for details!
Investment highlights
- 3 adjacent buildings for flexible investment options
- Centrally located for convenience
- Strong cash flow potential after renovation
- Promising area with ongoing renovations
- Situated on a quiet dead-end street
- Opportunity for value-add strategies
- Spacious garden-style property
- Unique investment opportunity in Wichita area
- Potential for increased occupancy and profitability
- Seller Finance option!
Listing Contacts
Listed by Berkshire Hathaway HomeServices PenFed Realty Wichita
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