3023-3055 N Porter Ave,Wichita, KS 67204
Wichita, KS 67204
Description
Rare opportunity to acquire a fully occupied 10-unit investment portfolio located together at 3023-3055 N Porter Ave. This stabilized portfolio currently generates approximately $9,100 per month in gross rental income with no vacancies, providing immediate cash flow from day one. The property has undergone extensive capital improvements, significantly reducing deferred maintenance for the next owner. Improvements include new roofs and carports, new HVAC systems on all 10 units, new siding on every building, new windows throughout all units, exterior paint, new gutters, and completely updated electrical panels and breakers on all 10 units. Six of the 10 units have also received complete interior remodels, providing a strong foundation for continued rent growth as the remaining units are updated over time. Select units include landlord-supplied washers and dryers. With all 10 units located together, this portfolio offers the efficiency and convenience of centralized management while providing the diversification of 10 individual rental units. Fully occupied, extensively improved, and positioned for future rental growth, this is a turnkey opportunity for an investor looking for immediate income with significant recent capital expenditures already completed.
Details
| MLS # | 677306 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 15 |
| Listing Provided By | New Door Real Estate | Grant Ketzner |
Features
| SQ Feet | 7,920 |
|---|---|
| Units | 10 |
| Acreage | 92976.00 |
Interior
| Flooring | Carpet, Tile, Wood, Other |
|---|
Parking
| Parking Features | 2 per Unit, Covered, Gravel |
|---|
Taxes
| Property | 11668 |
|---|
Area Information
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67204 |
| School District | SCKMLS |
| Community Name | COURT |
| School District | Heights |
| Elementary School | Pleasant Valley |
| High School | Heights |
| Listing VS Median (in COURT) | |
Price: $999,000 low | high Med: $999,000 sqft: 7,920 low | high Med: 7,920 $ / sqft: $126 low | high Med: $126 On site: 15 low | high Med: 15 | |
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Learn More About This Property
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67204 |
| School District | SCKMLS |
| Community Name | COURT |
| School District | Heights |
| Elementary School | Pleasant Valley |
| High School | Heights |
| Listing VS Median (in COURT) | |
Price: $999,000 low | high Med: $999,000 sqft: 7,920 low | high Med: 7,920 $ / sqft: $126 low | high Med: $126 On site: 15 low | high Med: 15 | |