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Sold-co-op w/mbr
  • Price Unknown

    1322 S Vine St, Wichita, KS 67213

    12beds
    --baths
    4,752sqft
    Multi Family
    Built in 1970
    -- sqft lot
    $492,000 Zestimate®
    $--/sqft
    $803 Estimated rent

    Home value

    $492,000

    $448,000 - $536,000

    $803/mo

    Zestimate® history
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    $803/mo

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    What's special

    12-unit apartment complex in southwest Wichita offering strong in-place income with upside potential. The property includes two side-by-side 6-unit buildings (1322 & 1326 S Vine St) on separate lots. One unit is currently vacant and in need of make-ready prior to renting, while the remaining units are occupied. Current gross income is $6,125 per month with the vacant unit. Once fully rented, the property is projected to generate approximately $6,700 per month ($80,400 annually). All units are one-bedroom, one-bath, single-story layouts with no stairs or basements, making them simple to maintain and attractive to tenants. Each apartment features central heat and air, a front entry, and a rear sliding glass door that opens to a private fenced patio. Tenants are separately metered for gas and electric, with the owner responsible only for water. The property offers paved parking for each unit and is conveniently located just minutes from Friends University, Newman University, and US-400 (Kellogg), providing easy access throughout Wichita. With solid current income and clear upside through lease-up of the vacant unit, this property presents a compelling opportunity for investors seeking steady cash flow in a strong rental market.

    Zillow last checked:

    Listing updated:

    Listed by:

    Shane Phillips 316-295-0696,

    Reece Nichols South Central Kansas

    Bought with:

    Shane Phillips, SP00237718

    Source: SCKMLS as distributed by MLS GRID,MLS#: 663672

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Multi Units
    Appliances
    • Included: Range, Refrigerator
    Features
    • Flooring: Carpet
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total interior livable area: 4,752 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: 1 per Unit, Paved, Off Street
    Details
    • Parcel number: 0871293004303005.00

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Frame
    • Roof: Composition
    Condition
    • Year built: 1970

    Utilities & green energy

    • Gas: Natural Gas Available
    • Water: Public
    • Utilities for property: Natural Gas Available, Sewer Available

    Community & neighborhood

    Location
    • Region: Wichita

    HOA & financial

    HOA
    • Has HOA: No

    Other

    Other facts
    • Ownership: Corporate

    Price history

    Price history is unavailable.

    Public tax history

    Tax history is unavailable.

    Neighborhood: Mccormick

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Stanley
    • Middle: Hamilton
    • High: West

    Source: SCKMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $492,000
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    +$9,840
    With Zillow Showcase(estimated)
    $501,840