2801-2803 W Elm

Description

This side-by-side duplex is located in Northwest Wichita, just minutes from Riverside, the Delano District, and the Sedgwick County Zoo. Originally built as a four-plex, the property is currently configured as a duplex, with each unit enjoying its own private, unfinished basement ideal for storage, laundry hookups, or future expansion. Both units are currently rented at total of $1645 per month, with tenants interested in staying long term. This provides a steady annual income of $19,680, making it a solid, cash-flowing investment from day one. Each unit features a comfortable living room with LVP flooring and a large picture window, along with an updated kitchen that includes space for dining, a refrigerator, and an oven. The main level also offers two bedrooms and a full bathroom with a tub/shower combination. Both units have been updated within the last few years. The exterior includes off-street parking, separate front and rear entrances, and individually metered gas and electric utilities for each unit. A major value-add opportunity lies in the unfinished basements. With the property’s original four-plex layout, there is strong potential to convert these lower levels into additional living units, significantly increasing rental income. Whether you choose to maintain the current duplex setup or explore expansion, this property offers flexibility and upside for investors. The property is tenant-occupied, and showings will require 24-hour notice. Buyer should verify school information, as it may change. The property is being sold in its present “as-is, where-is” condition, with no expressed or implied warranties from the seller or seller’s agents. Seller member is a licensed agent in the state of Kansas.