3212-3244 S Victoria Ave,Wichita, KS 67216
Wichita, KS 67216
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.
Details
| MLS # | 667319 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 217 |
| Listing Provided By | McCurdy Real Estate & Auction, LLC | Braden McCurdy |
Features
| SQ Feet | 15,237 |
|---|---|
| Units | 18 |
| Acreage | 42366.00 |
Parking
| Parking Features | 1 per Unit, Paved |
|---|
Taxes
| Property | 18825 |
|---|
Area Information
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67216 |
| School District | SCKMLS |
| Community Name | RAINBOW 1ST ADDITION |
| School District | South |
| Elementary School | Anderson |
| High School | South |
| Listing VS Median (in RAINBOW 1ST ADDITION) | |
Price: $1,799,000 low | high Med: $1,799,000 sqft: 15,237 low | high Med: 15,237 $ / sqft: $118 low | high Med: $118 On site: 217 low | high Med: 217 | |
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Learn More About This Property
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67216 |
| School District | SCKMLS |
| Community Name | RAINBOW 1ST ADDITION |
| School District | South |
| Elementary School | Anderson |
| High School | South |
| Listing VS Median (in RAINBOW 1ST ADDITION) | |
Price: $1,799,000 low | high Med: $1,799,000 sqft: 15,237 low | high Med: 15,237 $ / sqft: $118 low | high Med: $118 On site: 217 low | high Med: 217 | |