Multifamily Housing
1740 North Minneapolis Street Wichita, KS 67214
Details & Description
Price: $975,000
    Great investment opportunity! Over 90% occupied and ready to make you money! All 24 units are 3 bedrooms putting them at $40.6K a unit! Over the last 2-3 years 40K worth of make ready repairs have been made including water heaters, air conditioners, plumbing, electrical, and more. Currently at a gross yearly income of $131,460 with the opportunity of $144,000 at full capacity. Owner owns all appliances at the moment including window units. Tenants pay gas, electric, and $30 water fee. Owner pays water and trash as well as lawn maintenance. Parking is paved and provides 1 spot per unit as well as street parking.Preapproval/POF required for showings, common and vacant units shown only. Title company to be Kansas Secured Title. Current PM company charges $30/mo water charge but owner pays the water bill. Tenants responsible for window units, all current units are owned by owner. Each unit has its own gas powered furnace. Owner owns all appliances. Selling agent responsible for personally verifying schools, measurements, and tax information. Please submit all offers to HollyHaws@kw.com. Escrow Instructions: Buyer and Seller understand Earnest Money will be held by Buyer Representative until offer acceptance by all parties. Within 5 business days of Effective date, Buyers Representative will deliver earnest money to Escrow Agent.
    Additional Photos
    Listing Agents
    Holly Haws

    Team@hrtwichita.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1740 North Minneapolis Street

    Wichita, KS 67214

    Listing ID: 203005
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 1
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 2
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 3
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 4
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 5
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 6
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 7
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 8
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 9
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 10
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 11
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 12
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 13
    • 1740 North Minneapolis Street Wichita, KS 67214 | for Sale | Photo 14
    1740 North Minneapolis Street | for Sale | Thumbnail 1
    1740 North Minneapolis Street | for Sale | Thumbnail 2
    1740 North Minneapolis Street | for Sale | Thumbnail 3
    1740 North Minneapolis Street | for Sale | Thumbnail 4
    1740 North Minneapolis Street | for Sale | Thumbnail 5
    1740 North Minneapolis Street | for Sale | Thumbnail 6
    1740 North Minneapolis Street | for Sale | Thumbnail 7
    1740 North Minneapolis Street | for Sale | Thumbnail 8
    1740 North Minneapolis Street | for Sale | Thumbnail 9
    1740 North Minneapolis Street | for Sale | Thumbnail 10
    1740 North Minneapolis Street | for Sale | Thumbnail 11
    1740 North Minneapolis Street | for Sale | Thumbnail 12
    1740 North Minneapolis Street | for Sale | Thumbnail 13
    1740 North Minneapolis Street | for Sale | Thumbnail 14
    Building Size: 15,540 SF
    Lot Size: 0.877 AC
    Land Size: 38,199 SF
    Building $/SF: $62.74
    Land $/SF: $25.52
    Price
    $975,000
    Description

    Great investment opportunity! Over 90% occupied and ready to make you money! All 24 units are 3 bedrooms putting them at $40.6K a unit! Over the last 2-3 years 40K worth of make ready repairs have been made including water heaters, air conditioners, plumbing, electrical, and more. Currently at a gross yearly income of $131,460 with the opportunity of $144,000 at full capacity. Owner owns all appliances at the moment including window units. Tenants pay gas, electric, and $30 water fee. Owner pays water and trash as well as lawn maintenance. Parking is paved and provides 1 spot per unit as well as street parking.

    Preapproval/POF required for showings, common and vacant units shown only. Title company to be Kansas Secured Title. Current PM company charges $30/mo water charge but owner pays the water bill. Tenants responsible for window units, all current units are owned by owner. Each unit has its own gas powered furnace. Owner owns all appliances. Selling agent responsible for personally verifying schools, measurements, and tax information. Please submit all offers to HollyHaws@kw.com. Escrow Instructions: Buyer and Seller understand Earnest Money will be held by Buyer Representative until offer acceptance by all parties. Within 5 business days of Effective date, Buyers Representative will deliver earnest money to Escrow Agent.

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Wichita History of Multifamily Housing for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Wichita Area Market Trends

    Listing Demographics for 1740 North Minneapolis Street Wichita, KS 67214

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population8,76784,130210,296
    Population Median Age343537
    Population by Age0-9 Yrs1424 (16%)11874 (14%)30006 (14%)
    10-19 Yrs1557 (17%)12533 (14%)27707 (13%)
    20-29 Yrs1198 (13%)14680 (17%)34116 (16%)
    30-39 Yrs1003 (11%)11846 (14%)28346 (13%)
    40-49 Yrs1203 (13%)9329 (11%)23204 (11%)
    50-59 Yrs846 (9%)9059 (10%)24327 (11%)
    60-69 Yrs842 (9%)8546 (10%)23223 (11%)
    70+ Yrs694 (7%)6265 (7%)19367 (9%)
    Median HH Income$25,316$40,497$43,059
    Total Household Income< 24K1697 (49%)10922 (32%)24736 (28%)
    25-49K1064 (31%)9099 (27%)24048 (27%)
    50-74K392 (11%)6069 (18%)15564 (18%)
    75-99K104 (3%)3518 (10%)8915 (10%)
    100-199K156 (4%)3431 (10%)10365 (12%)
    200K+16 (0%)632 (1%)2304 (2%)
    Highest Education LevelNo Diploma1197929419934
    Diploma or GED15821360636526
    Some College15511221232650
    Assoc. Degree28335949567
    Bachelors Degree367799323168
    Higher Degree119535013512
    Total Housing Units4,34440,35999,443
    --Owner-Occupied1,30216,04743,568
    --Renter-Occupied2,12817,62542,364
    Owner-Occupied Values< 100K1187885821646
    100-199K94564415510
    200-299K109373355
    300-399K62161268
    400-499K0163651
    500K+62281139
    Total Working Age Population6,42364,360163,430
    In Work Force3,76842,083105,670
    Not In Work Force2,65522,27757,761
    Workforce Employed3,10338,70998,403
    Workforce Unemployed6603,2346,890
    Civlian Workforce3,76341,943105,293
    Military Workforce5140377
    Total Households3,43033,67185,932
    Family Households1,65617,36146,644
    Non-Family Households1,77416,31139,288
    Married Couple56410,54930,554
    Other Family1,0916,81116,091
    Married w/Child2274,71312,372
    Single Male w/Child1977751,982
    Single Female w/Child4823,4207,454

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Kansas2,688,418+62,853,118+52,988,194+53,140,008
    Sedgwick County452,869+10498,365+6530,232+7565,494

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1740 North Minneapolis Street in Wichita?
    The asking price for 1740 North Minneapolis Street is $975,000
    What is the building size of this Multifamily property in Wichita, KS?
    The size of the building/unit at 1740 North Minneapolis Street in Wichita is 15,540 square feet
    How much land does the Wichita, KS property at 1740 North Minneapolis Street include?
    1740 North Minneapolis Street in Wichita includes 0.877 acres of land
    What is the population within 1 mile of 1740 North Minneapolis Street in Wichita?
    The population within 1 mile of 1740 North Minneapolis Street Wichita, KS 67214 is 8,767 people.
    Who do I contact for questions about 1740 North Minneapolis Street?
    You should contact the listing agent, Holly Haws, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    2600 North Grove Street, Wichita, KS $2,200,000 38864 1.78
    355 North Washington Street, Wichita, KS $875,000 13401 -
    1319 West May Street, Wichita, KS $450,000 42683 4.53
    2112 East Cedar Tree Street, Park City, KS $650,000 8122 -
    9242 East Funston Court, Wichita, KS $360,000 3744 -
    331 North 127th Street East, Wichita, KS CALL 3630 9.24
    516 East 12th Avenue, Emporia, KS $475,000 21710 0.5
    101 North Atlanta Street, Owasso, OK $475,000 2883 -
    103 North Atlanta Street, Owasso, OK $475,000 2883 -
    930 East 2nd Street, Edmond, OK $5,300,000 100147 3.05

    Closest Commercial Airports

    Airport Distance (mi)
    Wichita Eisenhower National Airport (ICT) 8
    Tulsa International Airport (TUL) 131
    Joplin Regional Airport (JLN) 159