$1,950,000
bedrooms
0
bathrooms
0
square feet
23,020
Acreage
-
Open Houses
-
year built
1967
Full Baths
0
Half Baths
0
Prime Investment Opportunity – Boulevard Plaza Apartments for Sale! 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 rooms on each floor, 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 | |
| Subdivision | SUNNYSIDE 2ND ADDITION |
| County | Sedgwick |
| Elementary School | Linwood |
| Middle School | Mead |
| High School | East |
Open houses
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MLS number: 646528
Listing agent:
Braden Mccurdy
#00052737
Listing broker:
Mccurdy Auction, Llc
(316) 683-0612
Copyright © 2025 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Thursday, January 16 2025 at 5:41 p.m. EST
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