Great income opportunity with this all brick fourplex located in south central Wichita. Property is close to a lot of traffic so will get a lot of exposure. Potential to create passive income or live in one unit and manage the other three to live in the property at a huge discount. Unit 1 and Unit 4 are currently tenanted on a month-to-month basis. Unit 4 has been a long term tenant at $400/mo. Unit 1 rents for $600/mo. Potential income with all four at $600/mo is $2400/mo or $28,800 gross income for the year. Unit 3 has access to the unfinished basement that could be charged extra for storage. Electric all on separate meters. Owner to pay water/sewer at approx $150-$200/mo. Water heater is shared and is new as of two years ago. Unit 3 gas is also paid for by owner, depending on the agreement with tenant. Original hardwood floors throught the living rooms. Photos show units 2 and 3, not able to show unit 1 and 4 without an offer. Please do not bother tenants. Lockbox is on unit 3 inside the storm door. Feel free to set up your showing today! No guarantee on which appliances are at each unit, but vacant ones will stay. No guarantee on appliances/furnaces/window a/c's to be functioning.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
