12013-12015 W Fontana St

Description

Built in 2022 and fully occupied, this modern West Wichita duplex offers an excellent opportunity to add a newer, income-producing property to your investment portfolio. Located at 12013 & 12015 W Fontana, both 3-bed, 2-bath units are currently leased and together generate $3,240 in monthly rental income. Each unit offers a spacious, open-concept layout with vaulted ceilings, recessed lighting, LVP flooring, and an abundance of natural light. The kitchens feature white cabinetry, solid-surface countertops, stainless appliances, and a large center island overlooking the living area. Each unit also includes a private primary suite with its own bathroom and generous walk-in closet, in-unit laundry hookups, and attached two-car garage. 12013 is currently leased at $1,595/month through February 28, 2027. 12015 is currently leased at $1,645/month through July 31, 2027 and participates in the HAP program, with the unit currently qualifying for up to $1,900/month in rent. HOA includes lawn and sprinkler maintenance. With current gross rents of $38,880 annually, established tenants, newer construction, and attractive finishes, this property offers the opportunity to acquire a turnkey rental without the immediate renovation and lease-up typically associated with a new investment. Whether you're growing an existing portfolio or looking for your first multifamily property, 12013 & 12015 W Fontana deserve a closer look!