703-709 S Hydraulic St

Description

703–709 S Hydraulic St offers a fully occupied multifamily investment consisting of two duplexes on one parcel with four total units and strong in-place income. Major capital improvements have already been completed, making this a stabilized asset for investors seeking reliable cash flow without immediate maintenance risk. Each unit features a spacious 2 bedroom, 1 bathroom layout with a large living room and a kitchen and dining combo on the main floor. Two bedrooms and one full bathroom are located upstairs in every unit, creating consistency across the property and simplifying management. The larger floor plans stand out in this price range and help attract and retain longer-term tenants. Each unit also includes a basement that houses the mechanicals, laundry hookups, and generous storage, adding durability and long-term functionality. Extensive updates include a new roof in 2024, new siding in 2025, new LVP flooring throughout all units, fresh interior paint, new toilets and vanities, repaired stairs, updated front porch concrete and supports, and newer appliances in select units. Security cameras are installed. All four units are currently leased at approximately $900 per month, producing gross income of roughly $3,600 per month or over $43,000 annually. Tenants pay gas and electric, while ownership covers lawn care, water, sewer, and trash, creating a straightforward and predictable expense structure. Located along South Hydraulic with quick access to downtown Wichita, Old Town, and Kellogg, this property sits in a strong rental corridor with consistent demand. For investors seeking a clean, fully renovated four-unit property with stabilized occupancy and completed cap ex, 703–709 S Hydraulic St is built to perform from day one. Please respect tenant privacy.