2600 N Grove St, Wichita, KS, 67219

2600 N Grove St, Wichita, KS, 67219 < >
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for sale
$2,200,000
Square Feet:38864
Year Built:1968
Status:Active
MLS #:593067
Date Updated:
For information contact:
Sissy Koury
316-409-9955
spoo229151
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Go See This Property
MAJOR potential with a lot of hard work already put in! Seller has spent a lot of time turning this complex around from repairs to the good tenants now in place. This complex features 54 studios and 6 one bedroom units and has the potential of adding another 2-6 units on the ground floor. Each floor has a communal laundry room. Over 39K worth of repairs done since August and over half of the units have had repairs made varying new PTAC units, appliances, flooring, and more. Monthly pest control has been put in place since initial treatment started in August. Elevator repairs have been made to ensure the unit is up to code as well as all fire inspection repairs to bring everything up to code. Main sewer line and SW sewer line to the main both have been cleared and several water lines fully replaced. These apartments currently have a 58% vacancy rate and current gross income of $151,740 with a potential of $367,200! With freshly updated apartments and Wichita State nearby, the potential is definitely there. Are you up for the challenge?
Interior Details
Cooling: Other/See RemarksHeating: Other/See Remarks
# of Stories: Three or MoreAppliances: Dryer, Over/Range, Refrigerator, Washer
Basement Finish: NoneBasement Use: None
# of 1 Bedroom Units: 6# of Efficiency Units: 54

Exterior Details
Exterior Construction: Brick Veneer, FrameRoof: Composition
Utilities: Natural Gas, Public, SewerLot Size/SqFt: 77630
Style: Combo Garden/THParking: 1 per Unit, Paved, Other/See Remarks
On-Site Parking Spaces: 60

Community Information
Area: 418HOA Y/N: No
County: SedgwickSchool District: Wichita School District (USD 259)
Subdivision: RIDGECREST ADDITIONElementary School: Gordon Parks
High School: SouthMiddle School: Truesdell
Directions: Corner of E 25th N and N Grove

Property Information From MLS Data
Year Built: 1968Flood Insurance: Unknown
Approximate Age: 51 - 80 YearsParcel ID: 08712-2030130500300

Financial Information
Owner Paid Utilities: Electric, Gas, Lawn Maintenance, Trash, Water/SewerTenant Paid Utilities: None
Gross Income: 151740Terms of Tenancy: 6 Months or Less, 6 Months to 1 Year, Month to Month
General Taxes: 11877.2General Tax Year: 2020

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Listing courtesy of Keller Williams Signature Partners


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. © 1993-2021 South Central Kansas Multiple Listing Service, Inc. All rights reserved.
Information obtained from KSSCKMLS is current as of 6/22/2021 3:29 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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