Multi-Family $ 150,000

804-806 S Terrace Dr

Wichita, KS 67218

  • 1,056 SqFt
  • 1942 Year Built
This fully occupied, income-producing duplex presents a prime opportunity for investors seeking a reliable and turnkey addition to their portfolio. Each of the two mirror-image units offers 1 bedroom, 1 bathroom, and a functional layout designed for tenant comfort and long-term stability. The property has been thoughtfully updated throughout, featuring a new roof, a completely new central HVAC system with updated ductwork, new electric panels, and 220-volt kitchen outlets—all fully permitted and city-inspected for peace of mind. Exterior upgrades, including new windows and siding, enhance both energy efficiency and curb appeal, minimizing maintenance costs for years to come. Conveniently located near Oliver, Kellogg, and I-135, this duplex provides easy access to major thoroughfares, shopping, dining, and entertainment options, making it highly desirable to renters. Inside, each unit boasts a spacious bedroom, a full bathroom, walk-in closet, comfortable living room, and a practical kitchen equipped for everyday living, along with the added convenience of in-unit laundry and street parking. Currently generating $760 per month per side, this property delivers consistent income with room for future rent growth, reflecting both immediate cash flow and long-term appreciation potential. With its strong tenant appeal, recent renovations, and prime location, this duplex represents an outstanding opportunity to expand or diversify any real estate investment portfolio.
Listed by Shane Phillips of Reece Nichols South Central Kansas

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Duplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 1, 056 sqft

    Price per Sqft $142

    Subdivision Purcells

    MLS Listing ID SCK663526

    Style Side by Side

    Total Fin. Sqft 1056

    Year Built 1942

    Annual Tax Amount $539

    Tax Year 2024

    Lot Dimensions 4356

    Property Sub-Type Duplex

    Source sckansas

  • Location

    State KS

    County Sedgwick

    Direction From Lincoln and Oliver go West to Terrace and go North to home on right (East) side of the street

  • Rooms

    Basement None

  • Building

    Unit Features [{\"UnitTypeActualRent\":760,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663526Group_1\"},{\"UnitTypeActualRent\":760,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663526Group_2\"}]

    Architectural Style Side by Side

    Structure Type Vinyl Siding

  • Interior

    Heating Natural Gas

    Cooling Electric

    Fireplace No

    Appliance Disposal

    Heat Source Natural Gas

  • Exterior

    Garage Description On Street

    Utilities Available Natural Gas Available, Sewer Available

    View Y/N Yes

    Roof Type Composition

  • Schools

    Elementary Schools Jefferson

    Middle Schools Curtis

    High Schools Southeast

    School District Wichita School District (Usd 259)

  • Others

    Financing Conventional

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CONTACT

Shane Phillips
Shane Phillips

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