Incredible Investment Opportunity – 12-Unit Apartment Building + New Construction Duplex Near Major Universities A rare chance to acquire a high-quality multifamily investment featuring a 12-unit apartment building and a newly constructed duplex, both ideally situated near two major universities, with excellent access to downtown and major highways. 420 Meridian – 12-Unit Apartment Building This well-maintained complex includes twelve 2-bedroom, 1.5-bath units averaging 1,000 sq ft, each with private patios or decks. Significant recent upgrades include: All-new furnaces and central A/C units installed in 2024 (12 total) 7 of 12 units extensively remodeled with: New flooring and updated kitchens (quartz countertops, tile, modern appliances) Bathroom upgrades including new tile, vanities, and fixtures Washer/dryer hookups in 6 units Roofs replaced approximately 4 years ago Exterior paint completed 3 years ago New concrete HVAC pads in 2024 502/504 S Meridian – New Construction Duplex (Built 2023) Located just across the street, this duplex adds newer construction value and contemporary appeal: Two 3-bedroom, 2-bath units with quality finishes throughout Detached 2-car garage, divided for privacy—one garage space per unit Expanded driveway for better access and increased parking This package combines recent renovations, new systems, and long-term location value—ideal for investors seeking low maintenance and strong tenant demand.
Listing Agent:Nela Bayouth
#00231481
Offered By:Reece Nichols South Central Kansas
Date Added: 5/2/25 at 5:00 am
Last Update: 5/8/25 at 6:44 pm
Interior
- AppliancesDishwasher, Disposal, Range, Refrigerator
- BasementFinished
- FlooringTile, Other
- A/CElectric
- HeatingNatural Gas
Exterior
- StyleGarden
- Parking1 per Unit, Paved, Detached, Parking spaces: 14
Construction
- RoofingComposition
- GeneralFrame
Location
- Originating MLSsckansas
- School DistrictWichita School District ( USD 259)
- CountySedgwick
Lot
- ZoningLOTS 2-4-6-8-10-12-14 EXC N 2 1/2 FT LOT 2 TO THE PUBLIC MERIDIAN AVE. MAPLE ST. ADD., 129-30-0-22-04-005.00
Utilities
- UtilitiesNatural Gas Available, Sewer Available
Financial
- Sourcesckansas
- OwnershipCorporate
Listings courtesy of South Central Kansas MLS as distributed by MLS GRID.
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