KS > Wichita > Sunnyside 2Nd Addition
Wichita, KS 67211,2510 & 2520 E Lincoln St
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Wichita, KS 67211,2510 & 2520 E Lincoln St
Wichita, KS 67211,2510 & 2520 E Lincoln St
Wichita, KS 67211,2510 & 2520 E Lincoln St
Wichita, KS 67211,2510 & 2520 E Lincoln St
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Heather Stewart

Heather Stewart

+1(316) 204-3645
Listed by Braden McCurdy • McCurdy Real Estate & Auction, LLC • OFF: 316-867-3600
$ 1,950,000
Est. payment /mo
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2510 & 2520 E Lincoln St Wichita, KS 67211

23,020 SqFt

UPDATED:

11/24/2024 03:01 AM

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

Total Fin. Sqft 23020

Originating Board sckansas

Year Built 1967

Annual Tax Amount $16,047

Tax Year 2023

Lot Dimensions 43820

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

Direction E. Lincoln & Grove - East to Property

Rooms

Basement None

Interior

Heating Central Gas, Forced Air

Cooling Central Electric

Flooring Carpet, Other - See Remarks

Fireplace No

Appliance Dishwasher, Range/Oven, Refrigerator

Heat Source Central Gas, Forced Air

Exterior

Garage Description 1 per Unit, Covered, Paved

Utilities Available Gas, Public, Sewer Available

View Y/N Yes

Roof Type Other - See Remarks

Total Parking Spaces 56

Building

Architectural Style Other

Structure Type Brick Veneer,Frame

Schools

Elementary Schools Linwood

Middle Schools Mead

High Schools East

School District Wichita School District (Usd 259)

Others

Security Features Central Laundry,Fenced

Heather Stewart

Agent | License ID: SP00049463

+1(316) 204-3645

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