3003 Maplewood St Wichita, KS 67214
- Residential income homes
- 556 SF
Current Use by Public Records
- Residential income homes
Property Details for 3003 Maplewood St
- Property size
- 556 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of twenty-two single-family rental homes located in Wichita, Kansas. All units are currently rented, generating a substantial monthly income of $19,500, with tenants responsible for their own utilities. The properties are situated in desirable neighborhoods throughout Sedgwick County, encompassing addresses in the 67214 and 67219 zip codes. The portfolio boasts a diverse mix of home sizes, ranging from 556 to 1,304 square feet. Many homes feature low-maintenance vinyl siding and updated interiors, including original hardwood floors or luxury vinyl plank flooring, minimizing upkeep costs and maximizing rental appeal. This turnkey investment offers a compelling 11.60% cap rate and presents a strong opportunity for both local and out-of-state investors seeking consistent cash flow and potential appreciation in a growing market. The portfolio's strong occupancy rate and low maintenance requirements contribute to its exceptional profitability. This is an ideal investment for those seeking to diversify their holdings or utilize a 1031 exchange strategy. The asking price for this lucrative portfolio is $1,850,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.3016
- Latitude
- 37.7203
