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$350,000   Price Analysis
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421 N Ash St
Wichita, KS 67214
8 bed None bath 3,584 SqFt ($97/SqFt)
9,772SqFt lot. Built 1970
Listed 2024-03-29, Taxes $1,014
Ⓧ USDA Ineligible
due to location

near Wichita

Great investment opportunity to own a 100% occupied 4-Plex in the heart of Wichita.

Each unit offers 2 bedrooms, 1 bathroom, stove, refrigerator and central HVAC. Plenty of off street parking with security fence. Landlord pays trash and tenants pay water, gas and electrc. Unit #3 will be available for viewing with 24 hour notice to show.

Tenant will be there to provide access to the unit. The other three units will be available for viewing with an accepted contract and 24 hour notice to show. Two units rent for $550 each and two units rent for $400 ea ch.


Presented by Grant Farha at
LPT Realty, LLC.
Listing Agent Photo

Property MLS #637059 from SouthCentralKS

Bedrooms: 8

Over/Range
Refrigerator

Basement Features: Lower Level
Basement Description: Separate Apartments

Cooling Features: Central Electric
Heating Features: Central Gas, Forced Air

Lot Size Acres: 0.2243343
Lot Size Square Feet: 9772

Parking Features: 2 per Unit
Parking Total: 10

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Washington
High School: East
Middle School: Robinson
School District: Wichita School District (USD 259)

Washington Accelerated Learning Elementary School is a public elementary school located approximately 0.3 miles away.
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East High School is a public middle and high school located approximately 0.5 miles away.
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Blessed Sacrament Catholic School is a private elementary and middle school located approximately 1.2 miles away.
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Gross Income: 22800
Lease Term: 6 Months to 1 Year, Month to Month
Tenant Pays: Electric, Gas, Water/Sewer

Number of Units: 4
Number of 2 Bedroom Units: 4
Total Actual Rent of 2-Bedroom Units: 550

Annual Tax Amount: 878.56
Source Listing Status: Active
County: Sedgwick
Directions: Central and Hydraulic, east to Ash, south to property.
Tax Year: 2023
Source Property Type: Multi-Family
Area: SCKMLS
Source Neighborhood: SCKMLS
Owner Pays: Lawn Maintenance, Trash
Property Subtype: Four to Sixplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$7,809 + $1,047
$8,856
$1,014
2020$7,809 + $1,047
$8,856
$1,017
2019$7,327 + $1,047
$8,374
$963
2018$7,246 + $1,127
$8,373
$958
2017$7,820 + $1,162
$8,982
$1,031
2016$7,024 + $1,162
$8,186
$932
2015$7,188 + $1,162
$8,350
$974
2014$7,153 + $1,196
$8,349
$933
2013$7,464 + $886
$8,350
$986
2012$7,464 + $886
$8,350
$983
2005$6,682 + $886
$7,568
$812

Listed 2024-03-29
$350,000
SouthCentralKS
Sold 2018-09-04
$0
Public Record

Total Square Feet Living: 3584
Year Built: 1970
Building Exterior Type: Frame
Property Age: 54
Roof: Composition
Levels or Stories: Two
House Style: Combo Garden/TH
Year Built Details: 51 - 80 Years

Natural Gas
Public
Sewer

Security Features: Fencing
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bathroom

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.