2704-2810 9Th St Wichita, KS 67214
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 2704-2810 9Th St
- Property type
- Apartment buildings
Description
This exceptional 63-unit apartment building presents a compelling investment opportunity in Wichita, Kansas. Located at 2704-2810 E 9th St, 67214, this three-story brick veneer building boasts 17 one-bedroom and 46 two-bedroom units, offering a diverse mix of housing options. Originally constructed in 1945, the property underwent significant renovations in 1997 and 2004, and features a new roof and solar ventilation system installed in 2019. The building is securely fenced and gated, enhanced by ample lighting and security cameras, and provides 120 on-site parking stalls for residents. Each unit is equipped with electric, HVAC, gas, oven/range, refrigerator, dishwasher, and disposal, and is fully furnished. The property is zoned B-Multi Family, ensuring flexibility for future use. Annual property taxes total $16,516.98 ($15,997.42 general, $519.56 special). This well-maintained property benefits from a strong rental community and presents a solid return on investment. The asking price is $3,800,000, translating to $60,317.46 per unit. This is a rare opportunity to acquire a substantial multifamily asset in a thriving Wichita neighborhood.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.3044
- Latitude
- 37.7011