1646 S Fern St, Wichita, KS 67213
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1646 S Fern St, Wichita, KS 67213
1646 S Fern St, Wichita, KS 67213
1646 S Fern St, Wichita, KS 67213
1646 S Fern St, Wichita, KS 67213
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Heather Stewart

Heather Stewart

+1(316) 204-3645
Listed by Dave Brown • Berkshire Hathaway PenFed Realty
$ 900,000
Est. payment /mo
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1646 S Fern St Wichita, KS 67213

9,936 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,936 sqft

Price per Sqft $90

Subdivision Princess Addition

MLS Listing ID SCK669023

Style Other

Total Fin. Sqft 9936

Year Built 1980

Annual Tax Amount $8,594

Tax Year 2025

Lot Dimensions 21106

Property Sub-Type Multi Family

Source sckansas

Property Description

High-Yield 8.33% CAP Rate – Fully Leased 12-Unit Portfolio Maximize your ROI with this turnkey 12-unit multifamily portfolio. Comprised of three well-maintained four-plex buildings on a single parcel, this property offers an exceptional 8.33% CAP rate at the $900,000 asking price. Stable Income: 100% occupancy with an annual gross income of $75,000. Tenant Demand: All units are high-demand 2-bedroom, 1-bathroom layouts. Convenience: On-site parking (1 space/unit) plus ample street parking. Low Vacancy Risk: Diversified across three buildings, providing a resilient income stream with rents currently ranging from $675–$750/month. Perfect for the seasoned investor looking for immediate cash flow or a 1031 exchange. Don't miss this rare opportunity to acquire a high-performing asset in a steady rental market.

Location

State KS

County Sedgwick

Direction From the intersection of W. Harry and S. Seneca, go west on Harry to Fern Ave, south on Fern Ave to the property. Located on the NE corner of Fern Ave and Merton Street.

Rooms

Basement None

Interior

Heating Forced Air, Natural Gas

Cooling Electric

Flooring Carpet, Tile

Fireplace No

Appliance Dishwasher, Disposal, Range, Refrigerator

Heat Source Forced Air, Natural Gas

Exterior

Garage Description 1 per Unit, Paved, On Street

Utilities Available Natural Gas Available

View Y/N Yes

Roof Type Composition

Total Parking Spaces 12

Building

Unit Features [{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_1\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_2\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_3\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_4\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_5\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_6\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_7\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_8\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_9\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_10\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_11\"},{\"UnitTypeActualRent\":675,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK669023Group_12\"}]

Architectural Style Other

Structure Type Brick Veneer,Frame

Schools

Elementary Schools Stanley

Middle Schools Hamilton

High Schools West

School District Wichita School District (Usd 259)

Others

Financing Conventional

NEARBY SCHOOLS & PROPERTIES

Heather Stewart

Heather Stewart

Agent | License ID: SP00049463

+1(316) 204-3645

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