1719 S Glenn St Wichita, KS 67213

This amazing new investment opportunity has just had the back unit updated with some new fixtures, features and has been freshly re-painted; now filled with a new tenant on a pre-paid year lease. The middle unit tenant will be moving out in December & will be made available for showings shortly ther...eafter. The front unit is a larger 2 bedroom unit with central heat/air. Both of the 1 bedroom units have wall installed electric PTAC units for heat & a/c, similar to what you'd find in a hotel. #1 - 2 bedroom unit currently mo/mo with well paying tenant @$625/mo (Market rent after a make-ready would estimate this unit at $725-775/mo depending on exact finishes). #2 - 1 bedroom unit will rent for $625-675/mo after make-ready. #3 - 1 bedroom unit currently pre-paid 1 year lease at $650/mo. Fully occupied at these market rates puts an est. annual rent roll of $24,600.* Landlord pays for combined city water/sewer bill & provides shared trash carts in addition to the summertime mowing. Basement has ample storage for supplies and tools, while providing easy access for maintenance & repairs. Water heaters ***Property is currently fully occupied *(until unit #2 moves out)* and showings will only be made available of the basement until #2 is ready to be shown as a model unit as well. Property currently has professional property management; showings of the occupied units will be made available with ample notice to tenants and an acceptable offer that may be made contingent upon the viewings. Continue reading