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Shane Phillips

shane@reecenichols.com +1(316) 295-0696

Listed by Ridge S Estes • Red Cedar Land Company

$ 1,700,000

Est. payment -/mo

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Active

4415 E Lincoln Wichita, KS 67218-2247

19,848 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 19,848 sqft

Price per Sqft $85

Subdivision Hilltop Manor Subdivision

MLS Listing ID SCK677932

Style Other

Total Fin. Sqft 19848

Year Built 1941

Annual Tax Amount $1,064

Tax Year 2025

Lot Dimensions 60548

Property Sub-Type Duplex

Source sckansas

Property Description

See Attached Documents for full legal description. Lincoln Investment Portfolio | 15 Units | 8 Buildings | Wichita, Kansas Introducing the Lincoln Investment Portfolio, a rare opportunity to acquire a 15-unit residential investment portfolio consisting of seven duplexes and one single-family residence located throughout established Wichita neighborhoods. The portfolio has undergone extensive renovations, with the buildings being taken down to the studs and comprehensively rebuilt, including significant updates to the major building systems. This substantial renovation reduces deferred maintenance while providing investors with a portfolio positioned for long-term ownership. The portfolio currently generates $147,240 in annual gross rental income with current monthly rental income of $12,270. Seller financials indicate projected annual rental income of approximately $173,040 through natural lease turnover and market rent adjustments, creating additional upside for future ownership. Current annual cash flow is approximately $143,556.84, with projected annual cash flow of approximately $169,356.84 following rental adjustments. Offered at $1,700,000, the portfolio presents an attractive financing profile with an illustrative Debt Service Coverage Ratio (DSCR) of approximately 1.45 based on a conventional financing scenario with 30% down. This provides investors with strong in-place cash flow while maintaining the opportunity for future appreciation and rental growth. Unlike a traditional apartment complex, this portfolio distributes rental income across eight separate buildings, providing diversified income streams and reducing concentration risk. The properties are located in established neighborhoods with consistent rental demand and offer investors a compelling combination of stable occupancy, immediate income, and long-term appreciation potential. Investment Highlights 15 Residential Rental Units 8 Buildings (7 Duplexes & 1 Single-Family Residence) Extensively Renovated - Buildings Taken Down to the Studs Major Mechanical, Electrical, Plumbing, and Structural Components Updated Reduced Deferred Maintenance Current Gross Rental Income: $147,240 Annually Projected Gross Rental Income: Approximately $173,040 Annually Estimated DSCR: 1.45 (Illustrative 30% Down Financing) Strong Cash Flow with Rental Growth Potential Established Wichita Rental Market Excellent Opportunity for Private Investors or 1031 Exchange Buyers Financial information has been provided by the seller and is believed to be reliable but has not been independently verified. Buyers should independently verify all financial information, leases, operating expenses, and property condition during the due diligence period.

Location

State KS

County Sedgwick

Direction From US-54/Kellogg, take the Edgemoor exit and proceed south on S. Edgemoor Street. Turn right (west) onto E. Lincoln Street. The first property is located at the corner of E. Lincoln Street and S. Terrace Drive (905 S. Terrace Dr.). The remaining portfolio properties are located along E. Lincoln Street, S. Terrace Drive, and the parallel E. Bayley Street corridor directly behind the Lincoln properties.

Rooms

Basement None

Interior

Heating Electric

Cooling Multi Units

Flooring Other

Fireplace No

Appliance Dishwasher, Range, Refrigerator

Heat Source Electric

Exterior

Garage Description 2 per Unit, Paved

Utilities Available Sewer Available

View Y/N Yes

Roof Type Composition

Total Parking Spaces 30

Building

Architectural Style Other

Structure Type Concrete,Vinyl Siding

Schools

Elementary Schools Jefferson

Middle Schools Curtis

High Schools Southeast

School District Wichita School District (Usd 259)

Others

Security Features Fenced

Financing Other

Shane Phillips

REALTOR® - Team Lead | License ID: 00237718

+1(316) 295-0696 | shane@reecenichols.com

Shane Phillips

4415 E Lincoln Wichita, KS 67218-2247

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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4415 E Lincoln