420 S Meridian Ave Wichita, KS 67213

Invest in the Perfect Community: 420 S. Meridian Apartments Discover an exceptional investment opportunity in fast growing Wichita, Kansas, just three blocks from Friends University. This 12-unit apartment community offers the ideal blend of convenience, comfort, and capital appreciation, all professionally managed and meticulously maintained. Capital Improvements over the last two years include: 2 new roofs, full exterior repaint of both buildings, repairs to siding, concrete work in driveway, entrance and new paving, rebuilt staircases, 2 fully remodeled apartments, and new equipment to onsite laundry facilities. Impressive Gross Income: With a current gross income of $126,180 Meridian Apartments provides a strong yield and reliable source of revenue for an investor. Prime Location: Nestled in a prime location at 420 S. Meridian, this 12 unit comprised, of two 6 unit apartment buildings, are walking distance to Friends University, and just minutes away from the vibrant Delano district and downtown Wichita. Your tenants will love the convenience of this central address. Spacious and Upgraded Units: Each of our 12 units boasts highly desirable 2 bedrooms, 1.5 baths, and private patios for a high quality living experience at affordable rents. Professionally Managed & Meticulously Maintained: Rest easy knowing that 420 S. Meridian Apartments are professionally managed and maintained. All tenants are on leases and are subject to incremental rent increases every 6 months. There is still room to continue to increase rents to market value. For Investors: Fully occupied and professionally managed, 420 S. Meridian Apartments tenants also pay a $25 monthly water contribution and pay for their own individually metered electric and gas utilities. The owner pays for lawn mowing and trash service. The current owner has worked hard to increase rents, provide a strong gross income and has demonstrated commitment to keeping the property in excellent condition. A buyer can enjoy accurate paperwork records, properly turned and maintained units, low taxes and a reliable cash flow with potential for future value appreciation too. Experience Success: Join the thriving community of property owners who recognize the potential of the Wichita sub market which has seen rent increases over 7% annually. Whether you're a seasoned investor or exploring your first investment opportunity, this professionally managed and maintained apartment community with an impressive gross income offers a secure and rewarding path to success. Schedule a Viewing: Ready to take the next step in your investment journey? Schedule a viewing today and see why 420 S. Meridian Apartments are an excellent addition to your portfolio. Don't miss out on this exceptional opportunity in the heart of Wichita.