New Listing
Description
Cash-flowing 20-unit apartment community producing $140,000 in net operating income, with clear room to push it higher. The mix of 4 studios, 13 one-bedrooms, 2 two-bedrooms and 1 three-bedroom appeals to a broad renter base, and the income is diversified across two models: 14 units leased to long-term tenants and 6 furnished, all-bills-paid corporate units renting month-to-month to traveling professionals. The heavy lifting on the exterior is already done, with a brand-new roof and fresh exterior paint. Inside, 10 units have been cosmetically updated, leaving 10 more ready for the same treatment so a new owner can raise rents to match and grow NOI and value.
Details
| MLS # | 680678 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 6 |
| Listing Provided By | At Home Wichita Real Estate | Jacob Henderson |
Features
| SQ Feet | 9,610 |
|---|---|
| Basement | Y |
| Units | 20 |
| Acreage | 28750.00 |
Parking
| Parking Features | 1 1/2 per Unit, Paved, Off Street |
|---|
Taxes
| Property | 10446 |
|---|
Area Information
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67203 |
| School District | SCKMLS |
| School District | North |
| Elementary School | Ok |
| High School | North |
| Listing VS Median (in 67203) | |
Price: $2,000,000 low | high Med: $196,950 sqft: 9,610 low | high Med: 1,760 $ / sqft: $208 low | high Med: $118 On site: 6 low | high Med: 56 | |
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Learn More About This Property
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67203 |
| School District | SCKMLS |
| School District | North |
| Elementary School | Ok |
| High School | North |
| Listing VS Median (in 67203) | |
Price: $2,000,000 low | high Med: $196,950 sqft: 9,610 low | high Med: 1,760 $ / sqft: $208 low | high Med: $118 On site: 6 low | high Med: 56 | |
Listing Updated: October 21, 2026 at 9:07:05 PM PDT