2619 W 15th, Wichita, KS, 67203
Cash-flowing 20-unit apartment community producing $140,000 in net operating income, with clear room to push it higher. The mix of 4 studios, 13 one-bedrooms, 2 two-bedrooms and 1 three-bedroom appeals to a broad renter base, and the income is diversified across two models: 14 units leased to long-term tenants and 6 furnished, all-bills-paid corporate units renting month-to-month to traveling professionals. The heavy lifting on the exterior is already done, with a brand-new roof and fresh exterior paint. Inside, 10 units have been cosmetically updated, leaving 10 more ready for the same treatment so a new owner can raise rents to match and grow NOI and value.
| Listed | $2,000,000 |
Changes are tracked from the MLS feed as they happen. Older history is not shown.
Estimate only, for a sense of the monthly number. Tax is a county average and the rate is a starting point: enter the rate your lender quotes you. Your lender's numbers win.
Homes in 67203 closed in this range over the last 12 months, 299 of them, with a median of $184,000. Size was not matched, so read it as an area figure.
Closed comps from the South Central Kansas MLS. Not an appraisal, and not a statement about this listing's price. The market decides what a home is worth.
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