1740 N Minneapolis St, Wichita

$975,000
MLS: 593017

List Price: $975,000
MLS Number: 593017
Property Type: Apartment Complex
1740 N Minneapolis St, Wichita, 67214

Class: Multi-Family
Year Built: 1969
School District: Wichita School District (USD 259)
County: Sedgwick

Property Description

Great investment opportunity! Over 90% occupied and ready to make you money! All 24 units are 3 bedrooms putting them at $40.6K a unit! Over the last 2-3 years 40K worth of make ready repairs have been made including water heaters, air conditioners, plumbing, electrical, and more. Currently at a gross yearly income of $131,460 with the opportunity of $144,000 at full capacity. Owner owns all appliances at the moment including window units. Tenants pay gas, electric, and $30 water fee. Owner pays water and trash as well as lawn maintenance. Parking is paved and provides 1 spot per unit as well as street parking.

Class: Multi-Family
Property Type: Apartment Complex
County: Sedgwick
Subdivision: KANSAS
Style: Combo Garden/TH
Approximate Age: 51 – 80 Years
Year Built: 1969
Num Units: 24
Num of Stories: Three or More
Parking: 1 per Unit,Paved
Exterior Construction: Frame
Roof: Composition
Lot Size SqFt: 38199
Utilities: Natural Gas,Public,Sewer
Parcel ID: 08712-2100320200200
Auction Date: 0000-00-00

Appliances: Over/Range,Refrigerator
Cooling: Window Unit,Other/See Remarks
Heating: Wall Furnace/Baseboard,Other/See Remarks,Natural Gas

Basement: Lower Level

School District: Wichita School District (USD 259)
Elementary School: L’Ouverture
Middle School: Pleasant Valley
High School: Heights

Directions: Grove & 17th, West to Minneapolis, buildings on the corner of 17th and Minneapolis

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