3003 Maplewood StWichita, KS 67214

Property Details for 3003 Maplewood St

Property size (Sq ft)

556 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of twenty-two single-family rental homes located in Wichita, Kansas. All units are currently rented, generating a substantial monthly income of $19,500, with tenants responsible for their own utilities. The properties are situated in desirable neighborhoods throughout Sedgwick County, encompassing addresses in the 67214 and 67219 zip codes. The portfolio boasts a diverse mix of home sizes, ranging from 556 to 1,304 square feet. Many homes feature low-maintenance vinyl siding and updated interiors, including original hardwood floors or luxury vinyl plank flooring, minimizing upkeep costs and maximizing rental appeal. This turnkey investment offers a compelling 11.60% cap rate and presents a strong opportunity for both local and out-of-state investors seeking consistent cash flow and potential appreciation in a growing market. The portfolio's strong occupancy rate and low maintenance requirements contribute to its exceptional profitability. This is an ideal investment for those seeking to diversify their holdings or utilize a 1031 exchange strategy. The asking price for this lucrative portfolio is $1,850,000.

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7203

Longitude

-97.3016

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