Duplexes for Sale Wichita KS | 3513 W 45th St S
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Duplexes for Sale Wichita KS 3513 W 45th St S
2 Unit Apartment Building $369,800 ($184,900/Unit) 6.18% Cap Rate Wichita, KS 67217
Investment Highlights
- Brand new duplexes - very appealing
- Tall Ceilings
- Granite Countertops
- White cabinetry and trim throughout
- Investment Opportunity
- LVP Flooring
Executive Summary
Great investment opportunity! Like new duplexes for sale includes 3 bdrms. 2 baths and a 2-car garage on each side. Only 2 years old means very low maintenance! Zero entry level. Custom features throughout include 9 and 10 ft. ceilings, granite countertops, luxury vinyl tile flooring & enameled white trim. Kitchen boasts separate eating island, large walk-in pantry and stainless steel GE appliances which include stove, dishwasher, built-in microwave and refrigerator. Master bedroom suite features master bath with walk-in shower and a large walk-in closet. Hall closet for extra storage. Fully landscaped fenced yard with sprinkler system and a shared irrigation well. Owner has paid off sewer and water specials with very low special taxes remaining, at $107 per month per duplex which pays out in 15 yrs! You will not see this on other new duplexes! This means more cash flow for the owner! General taxes assessed at approximately $4900 per year per building. Pictures and tour are representative of another duplex but with the same layout and features. Price reflects 1 duplex (2 sides). There are a total of 11 duplexes for sale. Total cost of $4,067,800 for all 11! Great for a 1031 exchange! Buy 1, 2, up to 11 - choose your package!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$34,800
|
$14.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$34,800
|
$14.50
|
| Taxes |
$6,160
|
$2.57
|
| Operating Expenses |
$5,436
|
$2.27
|
| Total Expenses |
$11,596
|
$4.83
|
| Net Operating Income |
$23,204
|
$9.67
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $34,800 |
| Annual Per SF | $14.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $34,800 |
| Annual Per SF | $14.50 |
| Taxes | |
|---|---|
| Annual | $6,160 |
| Annual Per SF | $2.57 |
| Operating Expenses | |
|---|---|
| Annual | $5,436 |
| Annual Per SF | $2.27 |
| Total Expenses | |
|---|---|
| Annual | $11,596 |
| Annual Per SF | $4.83 |
| Net Operating Income | |
|---|---|
| Annual | $23,204 |
| Annual Per SF | $9.67 |
Property Facts
| Price | $369,800 | Building Class | B |
| Price Per Unit | $184,900 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 2,400 SF |
| Cap Rate | 6.18% | Average Occupancy | 0% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Townhome |
| Price | $369,800 |
| Price Per Unit | $184,900 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 2,400 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 1.67/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Double Vanities
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Dining Room
- Island Kitchen
- Lawn
- Pantry
- Patio
- Window Coverings
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,450 | 1,200 |
1 of 1
zoning
| Zoning Code | Multi-Family |
| Multi-Family |
1 of 41
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Duplexes for Sale Wichita KS | 3513 W 45th St S
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