547 N Oliver Ave Wichita, KS 67208

Brick Two Story Apartment Complex with 18 units and a full brick 2,082 SF brick office/retail building plus full basement with 2 staircases. This is a great investment opportunity, there is a mixture of one and two bedroom apartments with a longstanding low vacancy rate. The office building has recently been remodeled and currently is housing Royal Heirs Pet Spa. New development is taking place across the street and this property is centrally located on the edge of College Hill. The buildings have newer roofs, updated carpet & paint, and Oliver Street frontage with great visibility. The unit mix consists of (8) 1 bedroom units and (10) 2 bedroom units all renting from $400-$500 per month. The office building has a main level and basement suite. The basement of the office/retail building (which houses the pet spa on the main level) could be used as a onsite manager's office. New business's and buildings are going up in this immediate area. The apartment building has a central laundry room which is maintained by a 3rd party company and offers the landlord additional income. Please do not disturb tenants. Gross income is over $90k per year.