For more information regarding the value of a property, please contact us for a free consultation.
1801-2031 E Wassall St Wichita, KS 67216
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,350,000
Property Type Apartment
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 31,941 sqft
Price per Sqft $73
Subdivision Industrial
MLS Listing ID SCK600420
Sold Date 12/23/21
Style Side by Side
Total Fin. Sqft 31941
Year Built 1952
Annual Tax Amount $15,112
Tax Year 2020
Lot Dimensions 118643
Property Sub-Type Apartment Complex
Source sckansas
Property Description
Don't miss out on this incredible investment opportunity to purchase 15 triplexes, giving you a total of 45 units. These all brick, low maintenance properties are close to several amenities and less than five minutes from I-135. Each apartment consists of 2-bedrooms and 1-bathroom, with washer/dryer hookups and central heat and air. All units come with a refrigerator and a stove. The tenants are responsible for electric, gas and water (individually metered) and the landlord pays for lawn care and trash at $11 per cart per month. Each building has a common basement under the south unit. All apartments are rented except for one, which is only being left vacant for showings. This makes for an income of $22,995 per month, or $275,940 annually, providing a fantastic return on investment! Units are currently rented at a very conservative level and there is potential for future increases. Schedule your private showing today!!!
Location
State KS
County Sedgwick
Direction E Pawnee & S Hydraulic - South to Wassall, East to properties
Rooms
Basement Unfinished
Interior
Heating Central Gas
Cooling Central Electric
Flooring Carpet
Fireplace No
Appliance Range/Oven, Refrigerator
Heat Source Central Gas
Exterior
Garage Description Paved
Utilities Available Gas, Public, Sewer Available
View Y/N Yes
Roof Type Composition
Total Parking Spaces 90
Building
Unit Features [{\"UnitTypeActualRent\":425,\"UnitTypeBedsTotal\":45,\"UnitTypeType\":\"Unit 2\",\"UnitTypeKey\":\"SCK600420Group_2\"}]
Architectural Style Side by Side
Structure Type Brick Full
Schools
Elementary Schools Anderson
Middle Schools Mead
High Schools South
School District Wichita School District (Usd 259)
Others
Financing None
Read Less