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Shelley Farley

shelleyict@gmail.com +1(316) 871-8430

Listed by Cody Arnett • Keller Williams Hometown Partners

$180,000

Est. payment - /mo

2,160 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Four to Sixplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,160 sqft

Price per Sqft $83

Subdivision Marchs Addition

MLS Listing ID SCK672151

Style Side by Side

Total Fin. Sqft 2160

Year Built 1940

Annual Tax Amount $1,201

Tax Year 2025

Lot Dimensions 7089

Property Sub-Type Four to Sixplex

Source sckansas

Property Description

Turnkey investment opportunity to buy brick quadplexes (4 total 1 bed/1 bath units) featuring efficient, low-maintenance layouts, vinyl windows, and electric package-unit HVAC. Three out of four units are currently leased, currently conducting showings for a qualified tenant for the forth unit, providing immediate cash flow plus near-term upside as those apartments are made ready and filled. Ownership has recently completed practical improvements including concrete and foundation work at 828 S Water, installation of select new windows in a couple of the units, and targeted safety, electrical, pest control, and exterior maintenance. Centrally located near downtown Wichita with quick access to the Arkansas River Walk, Riverfront Stadium, and INTRUST Bank Arena, this is an attractive value-add play in a strong affordable-rental corridor. **The property management company is happy to continue managing this property.**

Location

State KS

County Sedgwick

Direction From Kellogg, take the Central Business District exit. Head S on Main. Turn W onto Orme, then S onto Water, to the properties.

Rooms

Basement None

Interior

Heating Other

Cooling Other

Fireplace No

Appliance Range, Refrigerator

Heat Source Other

Exterior

Garage Description 1 per Unit, Paved

Utilities Available Sewer Available

View Y/N Yes

Roof Type Composition

Total Parking Spaces 8

Building

Unit Features [{\"UnitTypeActualRent\":400,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK672151Group_1\"},{\"UnitTypeActualRent\":400,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK672151Group_2\"},{\"UnitTypeActualRent\":400,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK672151Group_3\"},{\"UnitTypeActualRent\":400,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK672151Group_4\"}]

Architectural Style Side by Side

Structure Type Brick

Schools

Elementary Schools Harry Street

Middle Schools Hamilton

High Schools West

School District Wichita School District (Usd 259)

Others

Financing Other

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Shelley Farley

+1(316) 871-8430

Team Leader | License ID: 00234724

Team Leader License ID: 00234724

828 S Water St Wichita, KS 67213

Shelley Farley

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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828 S Water St