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1125 W Merton St

Wichita, KS 67213
  • $1,300,000
  • STATUS: Active
  • MLS #: 595911
UPDATED: 52 min ago
$1,300,000
  • 0
    BEDS
  • 1.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,240
    SQFT
  • $61
    $/SQFT
Neighborhood:
213
Type:
Commercial
Built:
1995
County:
Area:
213

School Ratings & Info

Description

26 Unit Investment Opportunity in the Southwest Quadrant of Wichita, Ks. 95.8% Occupied, with below market rents provided a potential new owner the opportunity to increase net operating income significantly. This complex contains (6) Quad-Plexes and (2) Single Family homes comprising the complex known as Aley Park Apartments. Every unit has undergone regular maintenance and repairs, some including new LVP flooring. Additionally, the current ownership is in the process of getting the roof & gutters replaced, while also adding new lighting and security systems for the facility. Please contact the agent for more detailed financial analysis and information.

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This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2021 South Central Kansas Multiple Listing Service, Inc. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-06-24T21:00:38.927.
www.coshrealestateservices.com/homes/116981610
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1125 W Merton St Wichita, KS 67213

  • Price: $1,300,000
  • Status: Active
  • Updated: 52 min ago
  • MLS #: 595911
0
Beds
0
Baths
0
½ Baths
1.09
Acres
21,240
SQFT
$61
$/SQFT
1995
Built
Neighborhood:
213
County:
Sedgwick
Area:
213
Property Description
26 Unit Investment Opportunity in the Southwest Quadrant of Wichita, Ks. 95.8% Occupied, with below market rents provided a potential new owner the opportunity to increase net operating income significantly. This complex contains (6) Quad-Plexes and (2) Single Family homes comprising the complex known as Aley Park Apartments. Every unit has undergone regular maintenance and repairs, some including new LVP flooring. Additionally, the current ownership is in the process of getting the roof & gutters replaced, while also adding new lighting and security systems for the facility. Please contact the agent for more detailed financial analysis and information.
Exterior Features

Construction Brick VeneerFrame Frontage City Arterial Loading Dock None Location FreestandingOther/See Remarks Miscellaneous Features FencingFire AlarmSecurity LightsSecurity Systems Overhead Doors None Parking Parking Lot Rail None Roof Composition Sidewall Height Less Than 10 Ft

Interior Features

Cooling Central Air Floors CarpetWood Heating Electric Levels 2 Sq Ft Building 20001 - 50000 Sq Ft Max Continguous 888 Sq Ft Min Available 818 Sq Ft Vacant 888

Property Features

Commercial Type Other Electrical 110 Volt Flood Insurance Unknown Gross Income 153072 Improvements 869500 Invest Package Available Yes Leased Land No Owner Paid Expenses External Building RepairsReal Estate TaxesSite MaintenanceTrashWater Ownership Corporate Present Use Multi-Fami Property Taxes 11658.4 Sale Or Lease Sale Sale Or Rent For Sale Special Balance 0 Special Tax Year 0 Tax Specials 0 Tax Year 2020 Tenant Paid Expenses ElectricityGas Terms Of Lease Month To Month1 Year Or Less3 Years Or Less Utilities ElectricCity WaterCity SewerSeparate Meters Zoning See Remarks

Listing information © 2021 South Central Kansas Multiple Listing Service, Inc. Listing provided courtesy of Better Homes And Gardens Real Estate Alliance.


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2021 South Central Kansas Multiple Listing Service, Inc. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-06-24T21:00:38.927.
 
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COSH Real Estate Services
1356 N Emporia St
Wichita KS, 67214