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    2600 N Grove St

    Wichita, KS 67219
    • $2,200,000
    • STATUS: Active
    • MLS #: 593067
    UPDATED: 27 min ago
    $2,200,000
    • 0
      BEDS
    • 58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 38,864
      SQFT
    • $57
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:
    Area:
    418

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    MAJOR potential with a lot of hard work already put in! Seller has spent a lot of time turning this complex around from repairs to the good tenants now in place. This complex features 54 studios and 6 one bedroom units and has the potential of adding another 2-6 units on the ground floor. Each floor has a communal laundry room. Over 39K worth of repairs done since August and over half of the units have had repairs made varying new PTAC units, appliances, flooring, and more. Monthly pest control has been put in place since initial treatment started in August. Elevator repairs have been made to ensure the unit is up to code as well as all fire inspection repairs to bring everything up to code. Main sewer line and SW sewer line to the main both have been cleared and several water lines fully replaced. These apartments currently have a 58% vacancy rate and current gross income of $151,740 with a potential of $367,200! With freshly updated apartments and Wichita State nearby, the potential is definitely there. Are you up for the challenge?

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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: 2021-04-20T08:00:37.033.
    www.seewichitahomes.com/homes/114910339
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    2600 N Grove St Wichita, KS 67219

    • Price: $2,200,000
    • Status: Active
    • Updated: 27 min ago
    • MLS #: 593067
    0
    Beds
    0
    Baths
    0
    ½ Baths
    58
    Acres
    38,864
    SQFT
    $57
    $/SQFT
    1968
    Built
    Neighborhood:
    Ridgecrest Addition
    County:
    Sedgwick
    Area:
    418
    Elementary School:
    Gordon Parks
    Middle School:
    Truesdell
    High School:
    South
    School District:
    Wichita School District (Usd 259)
    Property Description
    MAJOR potential with a lot of hard work already put in! Seller has spent a lot of time turning this complex around from repairs to the good tenants now in place. This complex features 54 studios and 6 one bedroom units and has the potential of adding another 2-6 units on the ground floor. Each floor has a communal laundry room. Over 39K worth of repairs done since August and over half of the units have had repairs made varying new PTAC units, appliances, flooring, and more. Monthly pest control has been put in place since initial treatment started in August. Elevator repairs have been made to ensure the unit is up to code as well as all fire inspection repairs to bring everything up to code. Main sewer line and SW sewer line to the main both have been cleared and several water lines fully replaced. These apartments currently have a 58% vacancy rate and current gross income of $151,740 with a potential of $367,200! With freshly updated apartments and Wichita State nearby, the potential is definitely there. Are you up for the challenge?
    Exterior Features

    Architecture Combo Garden/Th Construction Brick VeneerFrame Lot Size Or Sq Ft 77630 Parking 1 Per UnitPavedOther/See Remarks Parking1 60 Roof Composition

    Interior Features

    1 Bed Units 6 Appliances DryerOver/RangeRefrigeratorWasher Basement None Basement Finish None Basement Use None Cooling Other/See Remarks Efficiency Units 54 Heating Other/See Remarks Levels Three Or More

    Property Features

    Age 51 - 80 Years Flood Insurance Unknown Gross Income 151740 HOA No Multifamily Type Apartment Complex Owner Finance No Owner Paid Expenses ElectricGasLawn MaintenanceTrashWater/Sewer Property Taxes 11877.2 Sq Ft Source Court House Tax Specials Annual 468 Tax Specials Total 468 Tax Year 2020 Tenant Paid Expenses None Terms Of Lease 6 Months Or Less6 Months To 1 YearMonth To Month Utilities Natural GasPublicSewer

    Listing information © 2021 South Central Kansas Multiple Listing Service, Inc. Listing provided courtesy of Keller Williams Signature Partners.


    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: 2021-04-20T08:00:37.033.
     
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    Pinnacle Realty Group
    125 E 2nd St.
    Wichita KS, 67202