Four-Bedroom
For Sale
$375,000
5408-5410 N Sandkey Ct, Wichita, KS 67204
Both residences feature a covered patio and a fenced backyard.
Property Size2,752 SF
Price / SF$136.26
Days on Market813
Property Features for 5408-5410 N Sandkey Ct
General Information
Standard status
Active
Size
2,752 SF
Total Parking Spaces
6
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,123
Building Details
Building Size
2,752 SF
Year Built
2024
Units
2
Listing Agency:
Russell Real Resources LLC
(316) 516-7417
Listed By:
Bree Russell · License #BR SP00218596
Source:
Albright-realty
Added: Aug 16, 2024
Changed: Nov 2
Last Checked: Nov 4 at 6:05AM
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 Russell Real Resources LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,752-square-foot duplex at 5408-5410 N Sandkey Ct in Wichita contains two residences, each with four bedrooms and two full bathrooms. The layouts separate the bedrooms and include a primary bedroom with a walk-in closet and walk-in shower. Interior finishes include LVP flooring and granite countertops in the kitchens and bathrooms; each kitchen also has a walk-in pantry. Vaulted living areas and nine-foot ceilings add to the interior configuration.
Each side has a covered patio and a fenced backyard. The HOA maintains the lawns, while residents are responsible for utilities. Valley Center Schools and Walmart, Braum’s, and Culver’s are within walking distance.
Each side has a covered patio and a fenced backyard. The HOA maintains the lawns, while residents are responsible for utilities. Valley Center Schools and Walmart, Braum’s, and Culver’s are within walking distance.
Key Highlights
- Two residences, each with four bedrooms and two full bathrooms
- 2,752 square feet total
- Walk‑in pantry in each kitchen; granite countertops in kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,695
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,900
$453.9K
Cap Rate 7%
$324,214
$324.2K
Cap Rate 9%
$252,167
$252.2K
Market Conditions
NOI Build-Up for 2,752 SF
Gross rent
$34.7K $12.60/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$32.4K $11.78/SF
− OpEx
−$9.7K −$3.53/SF
NOI
$22.7K $8.25/SF
Area
Wichita, KS
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,900
Cap Rate 7%
$324,214
Cap Rate 9%
$252,167
Alternative Uses
Best Use
Multifamily LT 5
$324.2K
$283.7K – $378.3K
NOI $22,695 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$301.6K
$263.9K – $351.9K
NOI $21,112 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$681.4K
$596.2K – $795.0K
NOI $47,698 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 67204, KS
21,932
Population
9,424
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
79%
High-School Grad
16.1 sq mi
ZIP Area
1,362
Density / Sq Mi
$68,549
Median Household Income
$39,258
Median Earnings
$976
Median Rent
$148,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature a covered patio and a fenced backyard.
Where is this duplex located?
The property is located at 5408-5410 N Sandkey Ct Wichita, KS.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two residences, each with four bedrooms and two full bathrooms; 2,752 square feet total; Walk‑in pantry in each kitchen; granite countertops in kitchens and bathrooms
