$372,500
$400,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
4,560 SqFt
SOLD DATE : 03/12/2025
Key Details
Sold Price $372,500
Property Type Multi-Family
Sub Type Twin/Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,560 sqft
Price per Sqft $81
Subdivision Purcells 2Nd Addition
MLS Listing ID SCK645027
Sold Date 03/12/25
Style Side by Side
Total Fin. Sqft 4560
Originating Board sckansas
Year Built 1942
Annual Tax Amount $2,087
Tax Year 2023
Lot Dimensions 27921
Property Sub-Type Twin/Duplex
Property Description
PRICE IMPROVED! Looking to expand your portfolio before the end of 2024? Don't miss this turn-key package deal of 4 duplexes (8 total units!) located in southeast Wichita. The addresses for each duplex are 809/811, 810/812, 815/817, & 816/818 S Terrace Dr, Wichita, KS 67218. There are 7 1-bedroom units with an average rent of $565/month and 1 2-bedroom unit currently rented for $750/month. Once full, the property will bring in over $4700 in gross rent per month (over $56,400 per year)! The owner pays for water, trash, and lawn maintenance. The tenants pay for electric and gas. You can find interior pictures of each unit prior to being rented by searching online. These duplexes are easy to rent and will make the perfect addition to your portfolio! Call for additional details!
Location
State KS
County Sedgwick
Direction Head west from Lincoln and Oliver, turn right onto Terrace, continue to duplexes on both sides of the street.
Rooms
Basement None
Interior
Heating Master Unit
Cooling Master Unit
Flooring Wood
Fireplace No
Appliance Range/Oven, Refrigerator
Heat Source Master Unit
Exterior
Garage Description Street Parking
Utilities Available Gas, Private Water, Sewer Available
View Y/N Yes
Roof Type Composition
Total Parking Spaces 2
Building
Unit Features [{\"UnitTypeActualRent\":565,\"UnitTypeBedsTotal\":7,\"UnitTypeType\":\"Unit 1\",\"UnitTypeKey\":\"SCK645027Group_1\"},{\"UnitTypeActualRent\":750,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 2\",\"UnitTypeKey\":\"SCK645027Group_2\"}]
Architectural Style Side by Side
Structure Type Hardboard,Other - See Remarks
Schools
Elementary Schools Jefferson
Middle Schools Curtis
High Schools Southeast
School District Wichita School District (Usd 259)
Others
Financing Conventional
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Realtor/ Administrative Associate | License ID: 00217875
+1(316) 518-9614 | kim@pinnacleict.com