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Key Details
Sold Price $1,675,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 15,237 sqft
Price per Sqft $109
Subdivision Rainbow 1St Addition
MLS Listing ID SCK667319
Sold Date 11/13/26
Style Other
Total Fin. Sqft 15237
Year Built 2023
Annual Tax Amount $18,825
Tax Year 2025
Lot Dimensions 42366
Property Sub-Type Duplex
Source sckansas
Property Description
NEW LOWER PRICE!! Exceptional opportunity to acquire a newer construction multifamily portfolio consisting of 9 duplex buildings / 18 total units, all situated on a single parcel with one legal description. The property is being sold as a package. Built in 2023, each duplex offers 1,696 sq. ft. of finished living space (848 sq. ft. per unit) with a thoughtfully designed two-story, modern layout featuring one upstairs unit and one downstairs unit per building. All units are 2-bedroom, 1-bath with open floor plans that appeal strongly to today's tenants. Kitchens come fully equipped with refrigerator, range/oven, dishwasher, and microwave, and each unit includes laundry hookups. Modern finishes and newer construction features—including a site sprinkler system, a single 2-inch water meter, and separately metered electric—support efficient operations and long-term ownership. Each unit currently rents for $995 per month, producing a total monthly gross income of $17,910 and annual gross income of $214,920 at full occupancy. Per seller, the duplexes historically stay rented and do not experience extended vacancy periods, reflecting consistent rental demand. Contact listing office for the most current occupancy information. Per Seller, insurance on all buildings is $13,562.16 per year. Tenants pay electric, while ownership covers water/sewer, trash service, lawn maintenance, and parking lot maintenance. Each unit includes one paved parking space, with additional street parking available. The seller has a written agreement with the owner of adjoining property to continue sharing future expenses for fence maintenance. Additionally, there is room on the lot to expand the development and add 2-3 more duplexes. The property is currently self managed by the owner, with internal staff. The combination of newer construction, modern open floor plans, strong tenant appeal, and stable leasing history makes this a compelling turnkey multifamily investment. Buyers and agents should confirm and verify all information pertinent to them.
Location
State KS
County Sedgwick
Direction From Hydraulic & 31st St South - W. on 31st St, S. on Victoria Ave to property.
Rooms
Basement None
Interior
Heating Central Electric
Cooling Electric
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator
Heat Source Central Electric
Exterior
Garage Description 1 per Unit, Paved
Utilities Available Sewer Available
View Y/N Yes
Roof Type Composition
Total Parking Spaces 18
Building
Unit Features [{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_1\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_2\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_3\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_4\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_5\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_6\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_7\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_8\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_9\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_10\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_11\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_12\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_13\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_14\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_15\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_16\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_17\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_18\"}]
Architectural Style Other
Structure Type Frame
Schools
Elementary Schools Anderson
Middle Schools Mead
High Schools South
School District Wichita School District (Usd 259)
Others
Financing None
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