806 S Edwards Ave
Property Description
Prime Investment Opportunity: Turnkey Triplex in Moundridge, KS Bidding Begins: Wed, Sept. 23rd @ 2:00 PM Bidding Concludes: Wed, Sept 30th @ 6:00 PM; Online Bidding Only Presenting 806 S Edwards Ave, Moundridge, KS-a well-maintained, 3-unit residential apartment building offering immediate rental income and strong multi-family upside. Situated in a quiet, highly desirable community with convenient access to major employment hubs along the I-135 corridor (McPherson, Newton, and Wichita), this property offers stable tenancy and straightforward management. Property Highlights & Financial Overview: Property Layout: Two-story multi-family building comprising three spacious, individual residential units (6 total bedrooms / 6 bathrooms). Current Rental Revenue: Generating $2,445/month in gross scheduled rent ($29,340 annually) with established long-term occupancy: Unit 811: $800/month Unit 812: $825/month Unit 813: $820/month In-Place Operations: Professionally managed at an efficient 8% rate with low turnover history in the Moundridge market. Property Specifications: Built in 1978; featuring wood frame construction, metal siding, poured concrete foundation, attached garage/off-street parking spaces, and separately configured unit layouts. Value-Add & Operational Upside: Utility Submetering Potential: The property currently runs on a single seller-paid master utility setup. A new owner has a clear path to boost net income by converting to individual unit submetering or imBroker Details
Berkshire Hathaway HomeServices of America PenFed Realty 316-636-2323
MLS ID: 423005540
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| No. of Units: | 3 |
| Year Built: | 1978 |
| Lot Size: | 3,284.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 6 |
ID: 3yd-HBRKS-55404
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