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2510 & 2520 E Lincoln St

Wichita, KS 67211
  • $1,950,000
  • STATUS: Active
  • MLS #: 646528
$1,950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 23,020
    SQFT
  • $85
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1967
County:

School Information

Elementary School:
Middle School:
High School:

Listing information © 2024 South Central Kansas MLS.
Listing provided courtesy of Braden Mccurdy of McCurdy Real Estate & Auction, LLC OFF: 316-867-3600 .




Description

Prime Investment Opportunity Boulevard Plaza Apartments for Sale! Located in southeast Wichita, Boulevard Plaza Apartments presents a rare opportunity for investors seeking a high-performing asset with solid rental income. This property consists of two 17-unit apartment buildings situated on a spacious 1-acre corner lot. The complex is surrounded by mature trees, a landscaped courtyard, and fencing. There is a total of 34 units, offering a mix of 1-bedroom and 2-bedroom apartments. Each building has (5) 1-bedroom units and (12) 2-bedroom units. Almost all the tenants are on month-to-month leases, providing flexibility for rent adjustments. The gross rental income for 2023 was an impressive $261,000, with a strong YTD income for 2024 (through September) at $213,405. Only 1 vacant unit, ensuring a high occupancy rate and consistent cash flow. Key features: Over 50 parking spaces Utility/Laundry rooms on each floor, with a service provider contract in place with Jetz Laundry The two-bedroom units feature private balconies, several of which have been recently rebuilt Convenient access to major highways like I-135 and Kellogg, making commuting easy With strong financials and low vacancy rates, Boulevard Plaza Apartments is an exceptional investment opportunity!

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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. ©2024 South Central Kansas MLS. 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: 2024-11-05T00:00:45.373.
www.seewichitahomes.com/homes/157080788
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2510 & 2520 E Lincoln St Wichita, KS 67211

  • Price: $1,950,000
  • Status: Active
  • On Site: Days
  • MLS #: 646528
0
Beds
0
Baths
0
½ Baths
N/A
Acres
23,020
SQFT
$85
$/SQFT
1967
Built
Neighborhood:
Sunnyside 2Nd Addition
County:
Sedgwick
Elementary School:
Linwood
Middle School:
Mead
High School:
East
School District:
Wichita School District (Usd 259)
Property Description
Prime Investment Opportunity Boulevard Plaza Apartments for Sale! Located in southeast Wichita, Boulevard Plaza Apartments presents a rare opportunity for investors seeking a high-performing asset with solid rental income. This property consists of two 17-unit apartment buildings situated on a spacious 1-acre corner lot. The complex is surrounded by mature trees, a landscaped courtyard, and fencing. There is a total of 34 units, offering a mix of 1-bedroom and 2-bedroom apartments. Each building has (5) 1-bedroom units and (12) 2-bedroom units. Almost all the tenants are on month-to-month leases, providing flexibility for rent adjustments. The gross rental income for 2023 was an impressive $261,000, with a strong YTD income for 2024 (through September) at $213,405. Only 1 vacant unit, ensuring a high occupancy rate and consistent cash flow. Key features: Over 50 parking spaces Utility/Laundry rooms on each floor, with a service provider contract in place with Jetz Laundry The two-bedroom units feature private balconies, several of which have been recently rebuilt Convenient access to major highways like I-135 and Kellogg, making commuting easy With strong financials and low vacancy rates, Boulevard Plaza Apartments is an exceptional investment opportunity!
Exterior Features

Construction Materials Brick VeneerFrame Parking Features 1 per UnitCoveredPaved Parking Total 56 Roof Other - See Remarks

Interior Features

Appliances DishwasherRange/OvenRefrigerator Basement None Basement Finish Per None Basement Use None Cooling Central Electric Flooring CarpetOther - See Remarks Heating Central GasForced Air

Property Features

Architectural Style Other Association YN No Current Financing None Lot Size Area 43820 Owner Finance YN No Ownership Corporate Property Sub Type Apartment Complex Security Features Central LaundryFenced Tax Annual Amount 16047.91 Tax Year 2023 Terms Of Tenancy 6 Months or LessMonth to Month Transaction Type For Sale Utilities GasPublicSewer Available

Listing courtesy of Braden Mccurdy of McCurdy Real Estate & Auction, LLC: OFF: 316-867-3600 .


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2024 South Central Kansas MLS. 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: 2024-11-05T00:00:45.373.
 
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Pinnacle Realty Group
125 E 2nd St.
Wichita KS, 67202

Listing information © 2024 South Central Kansas MLS.
Listing provided courtesy of Braden Mccurdy of McCurdy Real Estate & Auction, LLC OFF: 316-867-3600 .