2510 & 2520 E Lincoln St Active Save Request In-Person Tour Request Virtual Tour
Wichita,KS 67211
Key Details
Property Type Multi-Family
Sub Type Apartment Complex
Listing Status Active
Purchase Type For Sale
Square Footage 23,020 sqft
Price per Sqft $84
Subdivision Sunnyside 2Nd Addition
MLS Listing ID SCK646528
Style Other
Year Built 1967
Annual Tax Amount $16,047
Tax Year 2023
Property Description
Prime Investment Opportunity ? Boulevard Plaza Apartments for Sale! Located in southeast Wichita, Boulevard Plaza Apartments presents a rare opportunity for investors seeking a high-performing asset with solid rental income. This property consists of two 17-unit apartment buildings situated on a spacious 1-acre corner lot. The complex is surrounded by mature trees, a landscaped courtyard, and fencing. There is a total of 34 units, offering a mix of 1-bedroom and 2-bedroom apartments. Each building has (5) 1-bedroom units and (12) 2-bedroom units. Almost all the tenants are on month-to-month leases, providing flexibility for rent adjustments. The gross rental income for 2023 was an impressive $261,000, with a strong YTD income for 2024 (through September) at $213,405. Only 1 vacant unit, ensuring a high occupancy rate and consistent cash flow. Key features: ? Over 50 parking spaces ? Utility/Laundry rooms on each floor, with a service provider contract in place with Jetz Laundry ? The two-bedroom units feature private balconies, several of which have been recently rebuilt ? Convenient access to major highways like I-135 and Kellogg, making commuting easy With strong financials and low vacancy rates, Boulevard Plaza Apartments is an exceptional investment opportunity!
Location
State KS
County Sedgwick
Interior
Heating Central Gas,Forced Air
Cooling Central Electric
Flooring Carpet,Other - See Remarks
Exterior
Garage Description 1 per Unit,Covered,Paved
Utilities Available Gas,Public,Sewer Available
View Y/N Yes
Roof Type Other - See Remarks
Building
Structure Type Brick Veneer,Frame
Schools
Elementary Schools Linwood
Middle Schools Mead
High Schools East
School District Wichita School District (Usd 259)