KS > Wichita > Sunnyside 2Nd Addition
Wichita, KS 67211,2510 & 2520 E Lincoln St
Wichita, KS 67211,2510 & 2520 E Lincoln St
Wichita, KS 67211,2510 & 2520 E Lincoln St
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Larry Hall

Larry Hall

+1(316) 212-0817
Listed by Braden McCurdy • McCurdy Real Estate & Auction, LLC
$1,850,000
Est. payment /mo
23,020 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 23,020 sqft

Price per Sqft $80

Subdivision Sunnyside 2Nd Addition

MLS Listing ID SCK646528

Style Other

Total Fin. Sqft 23020

Year Built 1967

Annual Tax Amount $16,047

Tax Year 2023

Lot Dimensions 43820

Property Sub-Type Multi Family

Source sckansas

Property Description

Prime Investment Opportunity – Boulevard Plaza Apartments for Sale! OFFER DEADLINE: We are in receipt of multiple offers and Seller is calling for highest and best by NOON this Friday, March 28th at 2pm. PRICE REDUCTION $100,000 to $1,850,000 OWNER CARRY OPTION: - Seller will entertain an owner carry with $550,000 down, interest only payments for 5 years at 8.5% interest rate. Located in Southeast Wichita, Boulevard Plaza Apartments presents a rare opportunity for investors seeking a high-performing asset with solid rental income. This property consists of two 17-unit apartment buildings situated on a spacious 1-acre corner lot. The complex is surrounded by mature trees, a landscaped courtyard, and fencing. There is a total of 34 units, offering a mix of 1-bedroom and 2-bedroom apartments. Each building has (5) 1-bedroom units and (12) 2-bedroom units. Almost all the tenants are on month-to-month leases, providing flexibility for rent adjustments. The gross rental income for 2024 was an impressive $288,210, and 2023 income was $261,000. Only 1 vacant unit, ensuring a high occupancy rate and consistent cash flow. Key features: • Over 50 parking spaces • Utility/Laundry room in each building, with a service provider contract in place with Jetz Laundry • The two-bedroom units feature private balconies, several of which have been recently rebuilt • Convenient access to major highways like I-135 and Kellogg, making commuting easy Recent capital improvements per Seller include a new roof on building 2520 at a cost of $62,500 and includes a 2-year labor/10-year material warranty. Additionally, approximately 6 of the decks/balconies have been replaced at a cost of approximately $36,000. With strong financials and low vacancy rates, Boulevard Plaza Apartments is an exceptional investment opportunity!

Location

State KS

County Sedgwick

Direction E. Lincoln & Grove - East to Property

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Cooling Electric

Flooring Carpet, Other

Fireplace No

Appliance Dishwasher, Range, Refrigerator

Heat Source Natural Gas, Forced Air

Exterior

Garage Description 1 per Unit, Covered, Paved

Utilities Available Natural Gas Available, Sewer Available

View Y/N Yes

Roof Type Other

Total Parking Spaces 56

Building

Architectural Style Other

Structure Type Brick Veneer,Frame

Schools

Elementary Schools Linwood

Middle Schools Mead

High Schools East

School District Wichita School District (Usd 259)

Others

Security Features Central Laundry,Fenced

Financing None

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A Few Words From Past Clients

Larry worked with us to both sell our home and buy a new home. He went above and beyond throughout the entire process and helped us get into our dream home! Can’t recommend him highly enough!

Randy

My last home buying experience was easy quick and painless thanks to Larry Hall of the L+H Realty. He worked with us on our schedule and was always easy to get in contact with. He always kept us in the know and stayed on top of the seller. I would highly recommend him to anyone!

Nate

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Larry Hall

+1(316) 212-0817

Agent | SPSP00236074

Agent SPSP00236074

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