185 N Indian Lakes Dr & 4 Additional Units Clearwater, KS 67026
MULTI_FAMILY - Other - Clearwater, KS
Property Features for 185 N Indian Lakes Dr & 4 Additional Units
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 12
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 26624-30030023
- Size
- 6,300 SF
- Lot size
- 30,342.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PT LOT 15 BEG SE COR TH W 125 FT N 41.19 FT E 125.01 FT S 41.39 FT TO BEG BLOCK 2 INDIAN RIDGE AT CL
- Tax Annual Amount
- 15189
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2024
- Number of units
- 6
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing agent Braden McCurdy License #BR00052737 (316) 683-0612
Listing office McCurdy Real Estate & Auction, LLC 12041 E 13th St N, wichita, KS (316) 867-3600
Listing date Mar 27, 2026
Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Interior features include spacious open floor plans, kitchens with large islands, granite countertops, and stainless-steel appliances. The kitchen appliances are intended to transfer with the sale, including the refrigerator, range/oven, dishwasher, and microwave. The primary suite has a private full bath and generous closet space, along with a second full bath with built-in linen/storage niches. Construction is slab-on-grade (no basement), designed for low maintenance.
Each unit includes a 1-car attached garage, with additional driveway and street parking. Units are connected at garage walls for privacy and sound buffering, and each has a covered front porch with cedar posts. Sprinkler systems are also noted, and each unit has its own legal description with the units already split, sold together as one package.
Key Highlights
- Package of 5 individual duplex units sold together (each has its own legal description; units already split).
- 4 of the 6 duplex units are currently leased for immediate income; rents include $1,295/mo (2 units) and $1,195/mo (2 units).
- Each unit is approx. 1,050 SF with 3 bedrooms and 2 full bathrooms, open‑concept layout, and primary suite with private full bath.
Local 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 | $79.4k | $12.60 |
| − Vacancy | −$4.1k | −$0.66 |
| EGI | $75.3k | $11.94 |
| − OpEx | −$22.6k | −$3.58 |
| NOI | $52.7k | $8.36 |
