407 S Hydraulic Ave Wichita, KS 67211

Invest in this prime commercial property located just south of downtown and close to E. Kellogg. The building encompasses 4,725 square feet and includes two separate tenant spaces, currently generating an annual revenue of $32,400. This versatile property offers an excellent opportunity to expand yo...ur investment portfolio with a steady cash flow. Unit 407 S. Hydraulic has a 3-year lease expiring 8/31/2027. Tenant pays $0 per month for September and October of 2024, $1,000 per month for November and December, then $1,850 for each month thereafter through August of 2025. Year two: commencing on September 1, 2025, rents will increase to a rate of $1,900 per month and Year three: Commencing on September 1, 2026 rents will increase to a rate of $1,960 per month. The tenant is responsible for paying any increase in taxes from when the lease commences.  The tenant pay for all utilities. Unit 411 S. Hydraulic is rented for $850 per month until 11/30/2024 with a $850 security deposit. The tenant has the option to extend this lease for one year at $850 per month with a written 60-day notice, or go month-to-month with a new monthly rent amount of $900. The tenant is responsible for paying any increase in taxes from when the lease commences. The tenant pay for all utilities. The property features a large paved parking lot with over 20 spaces and is situated in a desirable location with close proximity to E. Kellogg, providing easy access. It is zoned for limited commercial use and sits on a 0.32-acre lot, making it an ideal addition to your investment portfolio. Recent updates to the property include two new HVAC units installed in 2024 for Unit 407, and a new HVAC unit installed in 2022 for Unit 411. Unit 407 also received new vinyl plank flooring in 2023. Unit 411 has a new electric hot water heater (40 gallons). Both units were upgraded with new ceiling and LED lighting in 2023, as well as new emergency lighting in 2022. Don’t miss out on this great investment opportunity! Continue reading