Wichita KS, 5 Bed 5 Bath Investors Opportunity Asking 70k ARV $120,000 For Sale

  • $70,000
  • 5 beds
  • 5 baths
  • 2188 sqft
Price:
$70,000
Address:
1232 N Market St,
Wichita, Kansas 67214
Square Feet:
2188
Lot Size:
8712
Bedrooms:
5
Bathrooms:
5
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1910
Basement:
Yes
Const. Type:
MFR
MLS #:
OFF MARKET

Additional Features

Add this great property to your Wichita investment portfolio. I have a property for sales in Wichita KS, 1232 N Market St, Wichita, KS 67214 Asking for $70,000 Or the Best offer. Current Value $120,000 1. The property is permitted as an sro Single room occupancy, yes. It is also in a zone that allows for commercial use. This is all available on the Sedgewick County Appraiser’s website and I pasted this property’s info on that page at the end of this message, should you care to see the legal description. 2. Today, I am collecting $1,070.00/mo gross rents. Fully occupied, it generates $1,550.00/mo gross rents. The individual units, which have been underpriced for some time, currently rent for: Unit 1: $470 Unit 2: $300 Unit 3: $300 Unit 4: $250 (vacant) Unit 5: $230 (vacant) 3. My monthly expenses have been $140.00 for gas, $120.00 for water, and $60-$70 for property management. Total: $320-$330. 4. The tenants are all month to month currently.

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Property Location