Last list price
1222 E Clark St Wichita, KS 67211
South Central Neighborhood
--
Bed
--
Bath
1,656
Sq Ft
7,057
Sq Ft Lot
Highlights
- No HOA
- Tile Flooring
- Central Air
About This Home
As of October 2024For Sale: Investment Opportunity - 1222 E Clark, Wichita, KS Price: $180,000 Property Type: 3-Unit Triplex Property Overview: This sharp 3-unit triplex is in top condition, offering a fantastic opportunity for long-term profits. Located in a prime area of Wichita, this property is fully occupied with long-term tenants, making it an ideal investment for those seeking stable rental income with minimal maintenance. Unit Details: Unit 1: Spacious 1-bedroom apartment with a long-term tenant, generating $650 per month. Recent updates include new luxury vinyl tile floors, fresh paint, updated lighting, new blinds, and a newly poured concrete driveway. Unit 2: Well-maintained 2-bedroom apartment in top condition. Features new LVT floors, fresh paint, ceiling fans, a new refrigerator, and a concrete driveway. Includes 2-car garage parking. Leased at $700 per month. Unit 3: Another excellent apartment with a long-term tenant, leasing for $550 per month. Recent upgrades include new paint and exterior stairs. Property Features: New exterior paint and calling throughout the complex Good windows and gutters 6-year-old roof Bi-monthly serviced HVAC system Owner pays water; tenants cover remaining utilities Investment Highlights: Real estate has always been a premier investment, but a triplex that needs nothing except a turnkey closing to a capable manager is a rare find. With all three units under recent one-year leases and long-term tenants in place, this property is ready to generate consistent income from day one. Don’t miss out on this turnkey investment opportunity!
Last Agent to Sell the Property
Sudduth Realty, Inc. Brokerage Phone: 316-775-7717 License #00042439
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,289
Year Built
- Built in 1940
Parking
- 3 Parking Spaces
Home Design
- Triplex
- Composition Roof
Interior Spaces
- 1,656 Sq Ft Home
- Tile Flooring
- Oven or Range
Schools
- Anderson Elementary School
- South High School
Utilities
- Central Air
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- The owner pays for water/sewer
- Assessor Parcel Number 08712-8-33-0-42-02-014.00
Community Details
Overview
- No Home Owners Association
- 3 Units
- King Michaelsen Subdivision
Building Details
- Gross Income $22,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 26, 2024
Closed on
Oct 11, 2024
Sold by
Ac4 Real Estate Holdings Llc
Bought by
Kc Properties And Investments Llc
Seller's Agent
Mark Sudduth
Sudduth Realty, Inc.
List Price
$180,000
Total Days on Market
2
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Outstanding Balance
$152,426
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$13,747
Purchase Details
Listed on
May 17, 2023
Closed on
Jun 5, 2023
Sold by
Jester Ricky Rick L
Bought by
Ac4 Real Estate Holdings Llc
Seller's Agent
AL REYNOLDS
Titan Realty
Buyer's Agent
Donna Sudduth
Sudduth Realty, Inc.
List Price
$165,000
Sold Price
$155,000
Premium/Discount to List
-$10,000
-6.06%
Views
130
Purchase Details
Listed on
Sep 24, 2014
Closed on
Feb 26, 2015
Sold by
Barry Monte
Bought by
Jester Rick and Jester Carol A
Seller's Agent
Elder Brenda Bradley
Legacy Group, REALTORS
Buyer's Agent
Elder Brenda Bradley
Legacy Group, REALTORS
List Price
$79,900
Sold Price
$50,000
Premium/Discount to List
-$29,900
-37.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.64%
Original Mortgage
$61,200
Interest Rate
3.68%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Feb 9, 2006
Sold by
Mennonite Housing Rehabilitation Service
Bought by
Barry Monte
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,501
Interest Rate
6.1%
Mortgage Type
Stand Alone Second
Map
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Similar Homes in Wichita, KS
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Kansas Secured Title | |
| Administrators Deed | $155,000 | Security 1St Title | |
| Warranty Deed | -- | Kst East | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $153,000 | New Conventional | |
| Previous Owner | $61,200 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $12,501 | Stand Alone Second | |
| Previous Owner | $50,001 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/15/2024 10/15/24 | Sold | -- | -- | -- |
| 08/28/2024 08/28/24 | Pending | -- | -- | -- |
| 08/26/2024 08/26/24 | For Sale | $180,000 | +9.1% | $109 / Sq Ft |
| 06/06/2023 06/06/23 | Sold | -- | -- | -- |
| 05/23/2023 05/23/23 | Pending | -- | -- | -- |
| 05/17/2023 05/17/23 | For Sale | $165,000 | +106.5% | $100 / Sq Ft |
| 02/26/2015 02/26/15 | Sold | -- | -- | -- |
| 12/18/2014 12/18/14 | Pending | -- | -- | -- |
| 09/24/2014 09/24/14 | For Sale | $79,900 | -- | $48 / Sq Ft |
Source: South Central Kansas MLS
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 |
|---|---|---|---|---|
| 2023 | $1,340 | $11,811 | $2,139 | $9,672 |
| 2022 | $557 | $9,983 | $2,013 | $7,970 |
| 2021 | $539 | $9,246 | $1,610 | $7,636 |
| 2020 | $532 | $8,982 | $1,610 | $7,372 |
| 2019 | $986 | $8,637 | $1,610 | $7,027 |
| 2018 | $456 | $7,853 | $1,369 | $6,484 |
| 2017 | $698 | $0 | $0 | $0 |
| 2016 | $438 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Source: Public Records
Source: South Central Kansas MLS
MLS Number: 643782
APN: 128-33-0-42-02-014.00
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