3023-3055 N Porter Ave, Wichita, KS 67204
- $1,075,000
- 7,920
- SqFt
Listing courtesy of Listing Agent: Grant Ketzner from Listing Office: New Door Real Estate.
- List Price
- $1,075,000
- Status
- ACTIVE
- MLS#
- SCK677306
- Year Built
- 1952
- Style
- Side by Side
- County
- Sedgwick
- Subdivision
- Court
Property Description
Rare opportunity to acquire a fully occupied 10-unit investment portfolio located together at 3023–3055 N Porter Ave. This stabilized portfolio currently generates approximately $9,100 per month in gross rental income with no vacancies, providing immediate cash flow from day one. The property has undergone extensive capital improvements, significantly reducing deferred maintenance for the next owner. Improvements include new roofs and carports, new HVAC systems on all 10 units, new siding on every building, new windows throughout all units, exterior paint, new gutters, and completely updated electrical panels and breakers on all 10 units. Six of the 10 units have also received complete interior remodels, providing a strong foundation for continued rent growth as the remaining units are updated over time. Select units include landlord-supplied washers and dryers. With all 10 units located together, this portfolio offers the efficiency and convenience of centralized management while providing the diversification of 10 individual rental units. Fully occupied, extensively improved, and positioned for future rental growth, this is a turnkey opportunity for an investor looking for immediate income with significant recent capital expenditures already completed.
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Additional Information
- Taxes
- $11,668
- Living Area
- 7,920
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer, Dryer
- Heating
- Forced Air, Natural Gas
- Cooling
- Electric
- Construction
- Brick
- Roof
- Composition
- Elementary School
- Pleasant Valley
- Middle School
- Pleasant Valley
- High School
- Heights
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