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About This Home
This 0-bedroom, 0-bathroom residential multi family at 824 S Water St in Wichita, KS is listed for $370,000 ($86 per sqft). Built in 1940, the home offers 4,320 sqft of living space on a 14084.00 acres lot.
Turnkey investment opportunity with two adjacent brick quadplexes (eight total 1 bed/1 bath units) featuring efficient, low-maintenance layouts, vinyl windows, and electric package-unit HVAC. Six units are currently leased with a waitlist for the two vacant units, providing immediate cash flow plus near-term upside as those apartments are made ready and filled.
Ownership has recently completed practical improvements including concrete and foundation work at 828 S Water, installation of select new windows in a couple of the units, and targeted safety, electrical, pest control, and exterior maintenance. Centrally located near downtown Wichita with quick access to the Arkansas River Walk, Riverfront Stadium,
and INTRUST Bank Arena, this is an attractive value-add play in a strong affordable-rental corridor. **The property management company is happy to continue managing this property.**
Key Features
- Built in 1940
- 14084.00 acre lot
- 8 parking spaces
Property Details
Monthly Cost Estimate
$1,979/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
824 S Water St
Wichita, KS 67213
MARCHS ADDITION
Property Details
Construction
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 824 S Water St is listed at $370,000 ($86/sqft). The estimated monthly payment is $1,603 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 14084.00 acre lot, 8 parking spaces.
This property is listed by Cody Arnett and can be reached at 3164165975 or codysoldit91@gmail.com.
