Great Investment Opportunity in Indian Hills – Stone Edge Apartments Stone Edge Apartments presents a solid value-add multifamily investment opportunity located in the desirable Indian Hills neighborhood. This well-maintained property consists of two buildings with a total of 12 one-bedroom, one-bathroom units each—24 units in total—centered around a shared parking lot with ample green space. Many units feature private patios or balconies, enhancing tenant appeal. The property offers upside potential through continued interior upgrades and rent increases. The model unit has recently been fully updated with new LVT flooring, fresh paint, modern fixtures, and new appliances. Other units vary in finish, with a mix of LVT and carpet. Sample unit photos are available. Significant capital improvements have been completed, including replacement of both main water lines to the buildings, several HVAC units, water heaters, and appliances. Rent increases have been implemented incrementally as units turn over or renew, offering continued growth in income. The property is professionally managed and maintained by Cedar Mills Property Management, with all maintenance and tenant relations current and documented. This is a turnkey opportunity for an investor seeking a stabilized asset with immediate cash flow and long-term upside.
Listing Agent:Nela Bayouth
#00231481
Offered By:Reece Nichols South Central Kansas
Date Added: 5/14/25 at 5:00 am
Last Update: 5/21/25 at 5:14 am
Interior
- AppliancesDishwasher, Disposal, Range, Refrigerator
- BasementNone
- FlooringCarpet, Other
- A/CElectric, Heat Pump, Other
- HeatingForced Air, Heat Pump, Other
Exterior
- StyleOther
- Parking1 per Unit, Parking spaces: 24
Construction
- RoofingComposition
- GeneralFrame
Location
- HOAYes
- HOA Amenities0.0
- Originating MLSsckansas
- School DistrictWichita School District ( USD 259)
- CountySedgwick
Lot
- ZoningLOT 40 DAVIS GARDENS ADD., 136-13-0-34-01-003.00 A
Utilities
- UtilitiesSewer Available
Financial
- Sourcesckansas
- OwnershipCorporate
Listings courtesy of South Central Kansas MLS as distributed by MLS GRID.
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