Under-Construction Duplex
12106-08 West Shadow Lakes Street Unit 2 Wichita, KS 67205
For Sale
$350,000
Newly under construction 3-bedroom, 2-bath duplex units with two-car garages, fenced yards, and sod and sprinkler systems included.
Property Size2,448 SF
Price / SF$142.97
Days on Market2526
Property Features for 12106-08 West Shadow Lakes Street Unit 2
General Information
- Standard status
- Active
- Size
- 2,448 SF
- Property subtype
- Multi-Family / Twin/Duplex
Building Details
- Year Built
- 2022
Listing Agency:
Keller Williams Hometown Partners
(316) 729-8500
Listed By:
Kit Corby · License #00222360
(316) 729-8500
Source:
Compass
Added: Aug 25, 2019
Changed: Jul 23
Last Checked: Jul 23 at 1:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Hometown Partners
Investment Insights
Based on property information with market context.
These duplex units are currently under construction and planned as 3-bedroom, 2-bath homes with 2-car garages. Interior finishes include white cabinetry with granite counters, stainless kitchen appliances, and easy-maintenance luxury vinyl plank flooring.
Fencing, sod, and sprinkler systems are included, supporting a finished outdoor area for each unit. Specials are estimated at $1,800 per year.
All contracts must be a minimum of 4 months out. For purchasers or tenants considering a near-term completion timeline, this property offers a coordinated build-out with modern interior updates and included exterior improvements.
Fencing, sod, and sprinkler systems are included, supporting a finished outdoor area for each unit. Specials are estimated at $1,800 per year.
All contracts must be a minimum of 4 months out. For purchasers or tenants considering a near-term completion timeline, this property offers a coordinated build-out with modern interior updates and included exterior improvements.
Key Highlights
- Newly under construction: 3‑bed, 2‑bath duplex units
- 2‑car garages and fenced yards included with each duplex unit
- Sod and sprinkler system included
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.8k | $12.60 |
| − Vacancy | −$1.6k | −$0.66 |
| EGI | $29.2k | $11.94 |
| − OpEx | −$8.8k | −$3.58 |
| NOI | $20.5k | $8.36 |
2,448 SF · lease $12.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.4K
$255.9K – $341.2K
NOI $20,469 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$269.7K
$236.0K – $314.7K
NOI $18,879 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$519.7K
$454.7K – $606.3K
NOI $36,379 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly under construction 3-bedroom, 2-bath duplex units with two-car garages, fenced yards, and sod and sprinkler systems included.
Where is this duplex located?
The property is located at 12106-08 West Shadow Lakes Street Unit 2 Wichita, KS.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Newly under construction: 3‑bed, 2‑bath duplex units; 2‑car garages and fenced yards included with each duplex unit; Sod and sprinkler system included
