1841 Madison AveWichita, KS 67214

Property Details for 1841 Madison Ave

Year built

2019

Property type

Retail properties

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents a portfolio of 22 apartment units located throughout Wichita, Kansas, offering immediate cash flow. The portfolio comprises a mix of well-maintained 2-4 bedroom units, strategically located across various Sedgwick County addresses, including but not limited to 1841 N Madison Ave, 1923 N Poplar St, and others within the 67214, 67219, 67213, 67211, and 67230 zip codes, as well as one property in Wetmore, Kansas (66550). Built between 2019 and 2024, with renovations completed in 2024, these properties boast numerous upgrades. The majority of units feature granite countertops, new flooring, fresh paint, and updated roofs. All units are equipped with kitchen appliances. Rents were recently increased to align with current market rates, while considering long-term residents. The portfolio benefits from professional property management, including biannual HVAC servicing and property inspections for each unit. Thirteen of the 22 units are occupied by Section 8 residents, ensuring consistent monthly income. The portfolio generates a gross monthly rent of $21,170. This is a turnkey investment ideal for those seeking immediate returns in a growing market. The portfolio's location in Wichita, a city known for its aviation industry and expanding population of 395,699, further enhances its long-term potential. Updated leases encompass both long-term and new residents.

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7167

Longitude

-97.3107

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