Basics
- Category: Multi Family
- Type: Residential Income
- Status: Active
- Area: 7920 sq ft
- Year built: 1952
- SubdivisionName: COURT
- ListOfficeName: New Door Real Estate
- ListAOR: sckansas
- MLS ID: SCK677306
Description
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Description:
Rare opportunity to acquire a fully occupied 10-unit investment portfolio located together at 3023–3055 N Porter Ave. This stabilized portfolio currently generates approximately $9,100 per month in gross rental income with no vacancies, providing immediate cash flow from day one. The property has undergone extensive capital improvements, significantly reducing deferred maintenance for the next owner. Improvements include new roofs and carports, new HVAC systems on all 10 units, new siding on every building, new windows throughout all units, exterior paint, new gutters, and completely updated electrical panels and breakers on all 10 units. Six of the 10 units have also received complete interior remodels, providing a strong foundation for continued rent growth as the remaining units are updated over time. Select units include landlord-supplied washers and dryers. With all 10 units located together, this portfolio offers the efficiency and convenience of centralized management while providing the diversification of 10 individual rental units. Fully occupied, extensively improved, and positioned for future rental growth, this is a turnkey opportunity for an investor looking for immediate income with significant recent capital expenditures already completed.
Location
- CountyOrParish: Sedgwick
- Directions: From W 29th St N and N Amidon Ave, head east on W 29th St N. Turn north onto N Porter Ave. Continue north to 3023 N Porter Ave; property will be on your right.
Building Details
- ArchitecturalStyle: Side by Side
- ParkingTotal: 10
- NewConstructionYN: No
- Heating: Forced Air, Natural Gas
- Basement: None
- Exterior material: Brick
- Roof: Composition
- Parking: 2 per Unit, Covered, Gravel
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Cooling: Electric
- Utilities: Natural Gas Available, Sewer Available
- Amenities: