High-Yield 8.33% CAP Rate – Fully Leased 12-Unit Portfolio Maximize your ROI with this turnkey 12-unit multifamily portfolio. Comprised of three well-maintained four-plex buildings on a single parcel, this property offers an exceptional 8.33% CAP rate at the $900,000 asking price. Stable Income: 100% occupancy with an annual Net income of $75,000. Tenant Demand: All units are high-demand 2-bedroom, 1-bathroom layouts. Convenience: On-site parking (1 space/unit) plus ample street parking. Low Vacancy Risk: Diversified across three buildings, providing a resilient income stream with rents currently ranging from $675–$750/month. Perfect for the seasoned investor looking for immediate cash flow or a 1031 exchange. Don’t miss this rare opportunity to acquire a high-performing asset in a steady rental market.
Listing Agent:Dave Brown
#00054967
Offered By:Berkshire Hathaway Penfed Realty
Date Added: 3/3/26 at 6:00 am
Last Update: 6/1/26 at 3:25 pm
Interior
- DiningEating Bar, Formal
- LaundryMain Floor, Separate Room, 220 equipment, Sink
- BasementNone
- A/CElectric
- HeatingForced Air, Natural Gas
- AppliancesDishwasher, Disposal, Range, Refrigerator
- FlooringCarpet, Tile
- GeneralCeiling Fan(s), Walk- In Closet(s), Vaulted Ceiling(s)
- Master BedroomMaster Bdrm on Main Level, Split Bedroom Plan, Master Bedroom Bath, Shower/ Master Bedroom, Two Sinks, Quartz Counters, Water Closet
- FireplaceOne, Living Room, Electric
Exterior
- GeneralIrrigation Well, Storm Shelter, Zero Step Entry, Frame w/ More than 50% Mas, Brick
- StyleOther
- ImprovementsNone
- Other StructuresNone
- Parking1 per Unit, Paved, On Street, Parking spaces: 12
Construction
- RoofingComposition
- GeneralBrick Veneer, Frame
Location
- HOAYes
- HOA AmenitiesGen. Upkeep for Common Ar, 900.0
- Originating MLSsckansas
- School DistrictWichita School District ( USD 259)
- CountySedgwick
- Road/AccessPaved Road
Lot
- ZoningLOTS 44-46-48 FERN ST. BLOCK D PRINCESS ADD and LOTS 38-40-42 FERN ST. BLOCK D PRINCESS ADD, 087-129-31-0-12-01-009.00
- TopographyLevel, Rolling
- Current UseHay ( Various Types)
- FencingWrought Iron, Other
Utilities
- UtilitiesNatural Gas Available
Financial
- Sourcesckansas
- OwnershipIndividual
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