$185,000
SOLD JAN 10, 2025
Last list price
2 Beds
-- Bath
2,250 Sq Ft
0.26 Acres

Recently Sold

$82 Per Sq Ft

84 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • Forced Air Heating and Cooling System

About This Home

As of January 2025

This side-by-side duplex is the perfect addition to your investment portfolio! Both units are currently rented, providing immediate income. Each side of the duplex features 2 bedrooms and 1 bathroom, with finished basements offering additional living space, laundry, and storage. The property generates a solid rental income, with each unit renting from $850 per month. One tenant has just signed a new 1-year lease starting October 1 going through September 31, 2025, offering stability for the new owner. The other tenants lease is through May 31, 2025. Utilities are paid by the tenants, reducing your expenses and maximizing your return. Each unit enjoys its own private, wood-fenced backyard providing outdoor space for tenants- an attractive feature for renters. Situated in a convenient location, this property is close to local amenities making it a great place to live. Whether you're a seasoned investor or just getting started, this turnkey duplex offers steady cash flow with potential for future rent increases. Don't miss this opportunity to own a solid income-generating property in Wichita!

Last Listed By

Colt Callison

Reece Nichols South Central Kansas License #00234087 Listed on: 10/04/2024

Reece Nichols South Central Kansas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,195

Year Built

  • Built in 1967

Home Design

  • 2,250 Sq Ft Home
  • Brick Veneer
  • Composition Roof

Kitchen

  • Oven or Range
  • Disposal

Parking

  • 2 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Lawrence Elementary School
  • West High School

Additional Features

  • 2 Bedrooms
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, water/sewer
  • Assessor Parcel Number 136-24-0-32-05-005.00

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,195

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1967
  • Property Sub-Type: Twin/Duplex
  • Co List Office Phone: 316-364-3963
  • Ownership: Individual
  • MLS Status: Sold-Co-Op w/mbr
  • Architectural Style: Side by Side
  • Tax Year: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Range/Oven, Refrigerator
  • Basement: Finished
  • Total Bedrooms: 2

Exterior Features

  • Roof: Composition
  • Construction Type: Brick Veneer, Vinyl

Garage/Parking

  • Parking Features: 2 per Unit
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air
  • Utilities: Gas, Public Water, Sewer Available

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lawrence
  • High School: West
  • Junior High Dist: Wichita School District (USD 259)
  • Middle Or Junior School: Marshall

Lot Info

  • Parcel Number: 136-24-0-32-05-005.00

Rental Info

  • Owner Pays: None

Multi Family

  • Gross Income: 20400
  • Number Of Units Total: 2
  • Tenant Pays: Electricity, Gas, Water/Sewer

Tax Info

  • Tax Annual Amount: 2195

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
Jan 10, 2025
Sold by
Mellinger James and Mellinger Melissa
Bought by
Hamm Jessica
Seller's Agent
Colt Callison
Reece Nichols South Central Kansas
List Price
$185,000
Total Days on Market
84
Views
177
Current Estimated Value
$185,772

Purchase Details

Closed on
Jun 3, 2013
Sold by
Mellinger James and Mellinger Melissa
Bought by
Mellinger James and Mellinger Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
3.41%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Security 1St Title
Warranty Deed -- Security 1St Title
Interfamily Deed Transfer -- Kst
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $96,320 New Conventional
Previous Owner $66,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold -- -- --
12/27/2024 12/27/24 Pending -- -- --
11/22/2024 11/22/24 For Sale $185,000 0.0% $82 / Sq Ft
11/04/2024 11/04/24 Pending -- -- --
10/04/2024 10/04/24 For Sale $185,000 -- $82 / 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
2023 $2,347 $19,896 $2,450 $17,446
2022 $1,899 $17,147 $2,312 $14,835
2021 $1,866 $16,330 $1,909 $14,421
2020 $1,714 $14,962 $1,909 $13,053
2019 $1,714 $14,939 $1,909 $13,030
2018 $1,647 $14,341 $1,668 $12,673
2017 $1,648 $0 $0 $0
2016 $1,578 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Kansas MLS

MLS Number: 645554

South Central Kansas MLS

APN: 136-24-0-32-05-005.00