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!
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
-
23,020SQFT
-
$85$/SQFT
School Information
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!
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.