Multi-Family $ 205,000

121-127 W 31st St N

Wichita, KS 67204

  • 2,048 SqFt
  • 1950 Year Built
This fully occupied, income-producing quadplex in northwest Wichita offers an exceptional opportunity for investors seeking strong, consistent returns and a well-maintained property in a desirable location. The building includes three 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, each thoughtfully designed to provide a comfortable living space with a functional kitchen, inviting living room, and updated bathroom featuring a tub/shower combo. Every unit is equipped with a refrigerator and range/oven, adding convenience for tenants and simplifying management for the owner. The property has been well cared for, with solid rental history and dependable occupancy, making it an ideal turnkey investment. The three 1-bedroom units currently rent for $525 per month each, and the 2-bedroom unit rents for $600, resulting in a total gross monthly income of $2,175. Tenants appreciate the property's convenient location near schools, shopping, dining, and major roadways, contributing to ongoing demand and tenant retention. With its combination of steady income, strong tenant appeal, and potential for future appreciation, this property represents a secure, income-generating asset in one of Wichita's established residential areas. Whether you're looking to expand your rental portfolio or acquire a stable investment with proven cash flow, this fully leased quadplex is a rare opportunity to step into ownership with immediate returns. Buyer should verify school assignments as they are subject to change. All information deemed reliable but not guaranteed.
Listed by Shane Phillips of Reece Nichols South Central Kansas

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Four to Sixplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 048 sqft

    Price per Sqft $100

    Subdivision Jones Park

    MLS Listing ID SCK663536

    Style Side by Side

    Total Fin. Sqft 2048

    Year Built 1950

    Annual Tax Amount $891

    Tax Year 2024

    Lot Dimensions 6539

    Property Sub-Type Four to Sixplex

    Source sckansas

  • Location

    State KS

    County Sedgwick

    Direction W. 29th St. N. & N. Arkansas Ave. - East on 29th St, North on Wellington, East on 31st

  • Rooms

    Basement None

  • Building

    Unit Features [{\"UnitTypeActualRent\":525,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663536Group_1\"},{\"UnitTypeActualRent\":525,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663536Group_2\"},{\"UnitTypeActualRent\":525,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663536Group_3\"},{\"UnitTypeActualRent\":600,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK663536Group_4\"}]

    Architectural Style Side by Side

    Structure Type Block,Frame

  • Interior

    Heating Natural Gas, Forced Air

    Cooling Electric

    Fireplace No

    Appliance Disposal, Range, Refrigerator

    Heat Source Natural Gas, Forced Air

  • Exterior

    Garage Description Paved, On Street

    Utilities Available Natural Gas Available, Sewer Available

    View Y/N Yes

    Roof Type Other

    Total Parking Spaces 4

  • Schools

    Elementary Schools Ortiz

    Middle Schools Pleasant Valley

    High Schools Heights

    School District Wichita School District (Usd 259)

  • Others

    Financing Conventional

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CONTACT

Shane Phillips
Shane Phillips

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