NOT LISTED FOR SALE

Estimated Value: $178,000 - $182,561

7 Beds
4 Baths
2,325 Sq Ft
$78/Sq Ft Est. Value

Last Sold January 08, 2021

Current estimated payment $1,097/month

44 Days on Market

Highlights

  • Four Sided Brick Exterior Elevation
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of January 2021

Great investment opportunity. 3 two bedrooms apartments and 1 one bedroom apartment all recently remodeled. Updates included new roof in 2020, new flooring, updated bathrooms, about 1/2 the windows have been replaced, updated kitchens with new cabinets, counters and appliances. Units have central heat, window air conditioning, washer and dryer hook ups in each unit, and onsite parking. 1221 is currently vacant and available to show (new tenant moves in on 12/08), 1225 remodel is currently being finished. 1219 and 1223 are both occupied and can be shown with an acceptable offer. This property has great cash flow and rents can be increased and would be eligible for section 8.

Last Agent to Sell the Property

Nela Bayouth

Reece Nichols South Central Kansas License #00231481 Listed on: 10/20/2020

Reece Nichols South Central Kansas

Last Buyer's Agent

Lindsey Jarvis

Bricktown ICT Realty License #SP00239850

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,383

Year Built

  • Built in 1951

Lot Details

  • 0.27 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Side-by-Side
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2,325 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Schools

  • Peterson Elementary School
  • Wilbur Middle School
  • Northwest High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, gas, trash
  • The owner pays for lawn maintenance, water/sewer

Community Details

Overview

  • 4 Units
  • Rosenthal 2Nd Addition Subdivision

Building Details

  • Gross Income $24,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,383

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Four To Sixplex
  • Style: Side By Side
  • Estimated Age: 51 - 80 Years
  • Year Built: 1951
  • Annual Specials: 31.2
  • Estimated TFLA: 2325
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 772

Interior Features

  • Appliances: Over/Range, Refrigerator
  • Number Of Stories: One

Exterior Features

  • Construction: All Brick
  • Roof: Composition

Garage/Parking

  • Parking: 1 Per Unit
  • On Site Parking Spaces: 4

Utilities

  • Cooling: Window Unit
  • Flood Insurance: Unknown
  • Heating: Central Gas, Forced Air
  • Utilities: Natural Gas, Public

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: Peterson
  • Middle School: Wilbur
  • High School: Northwest
  • Elementary School: Peterson
  • High School: Northwest

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 11761
  • Geo ADDRESS Line: 1219 N Minnesota Ave
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 10/21/2020
  • Geo Zoom Level: 16

Rental Info

  • Owner Paid Utilities: Lawn Maintenance, Water/Sewer
  • Tenant Paid Utilities: Electric, Gas, Trash

Tax Info

  • Assessor Parcel Number: 00000-
  • General Taxes: 219.32
  • General Tax Year: 2019

Multi Family

  • Number Of Units: 4
  • Number Of 1 Bedroom Units: 1
  • Number Of 2 Bedroom Units: 3
  • Rent Per Unit 1 Bedroom: 425.00
  • Rent Per Unit 2 Bedroom: 525.00
  • Gross Income: 24040

MLS Schools

  • Middle School: Wilbur
  • School District: Wichita School District (USD 259)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Jan 5, 2021
Sold by
Goodwin William Johnathan
Bought by
Jaks Holdings Llc
Seller's Agent
Nela Bayouth
Reece Nichols South Central Kansas
Buyer's Agent
Lindsey Jarvis
Bricktown ICT Realty
List Price
$125,000
Current Estimated Value
$180,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.21%
Original Mortgage
$103,000
Outstanding Balance
$92,332
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$64,348

Purchase Details

Closed on
Apr 26, 2019
Sold by
Calkan Holdings Llc
Bought by
Goodwin William Johnathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2016
Sold by
Toto Homes Llc
Bought by
Calkan Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,750
Interest Rate
3.48%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jaks Holdings Llc -- Security 1St Title Llc
Goodwin William Johnathan -- First United Title Agcy Llc
Calkan Holdings Llc -- Security 1St Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaks Holdings Llc $103,000
Previous Owner Goodwin William Johnathan $56,250
Previous Owner Calkan Holdings Llc $57,750
Previous Owner Toto Homes Llc $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Sold -- -- --
12/03/2020 12/03/20 Pending -- -- --
12/02/2020 12/02/20 For Sale $125,000 0.0% $54 / Sq Ft
10/24/2020 10/24/20 Pending -- -- --
10/20/2020 10/20/20 For Sale $125,000 -- $54 / Sq Ft
Source: South Central Kansas MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,383 $14,157 $679 $13,478
2023 $1,383 $11,098 $552 $10,546
2022 $1,026 $9,419 $518 $8,901
2021 $249 $2,266 $518 $1,748
2020 $250 $2,266 $518 $1,748
2019 $251 $2,266 $518 $1,748
2018 $295 $2,711 $610 $2,101
2017 $316 $0 $0 $0
2016 $312 $0 $0 $0
2015 $319 $0 $0 $0
2014 $377 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Kansas MLS

MLS Number: 588298

South Central Kansas MLS

APN: 125-15-0-22-05-010.00