1322 S Vine St - Apartments FOR SALE


Wichita, KS 67213- McCormick
$565,000 USD
316-259-1995
1322 S Vine St, Wichita, KS for Sale
$565,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

1322 S Vine St
Wichita, KS 67213
McCormick


HIGHLIGHTS

  • All 1-bedroom, 1-bath, single-story units (no stairs or basements).
  • Convenient SW Wichita location near Friends & Newman Universities.
  • Individually metered for gas and electric.
  • Central heat & air in every unit.
  • Private fenced patios with sliding glass doors.

OVERVIEW

12-unit apartment complex in southwest Wichita offering strong in-place income with upside potential. The property includes two side-by-side 6-unit buildings (1322 & 1326 S Vine St) on separate lots. One unit is currently vacant and in need of make-ready prior to renting, while the remaining units are occupied. Current gross income is $6,125 per month with the vacant unit. Once fully rented, the property is projected to generate approximately $6,700 per month ($80,400 annually). All units are one-bedroom, one-bath, single-story layouts with no stairs or basements, making them simple to maintain and attractive to tenants. Each apartment features central heat and air, a front entry, and a rear sliding glass door that opens to a private fenced patio. Tenants are separately metered for gas and electric, with the owner responsible only for water. The property offers paved parking for each unit and is conveniently located just minutes from Friends University, Newman University, and US-400 (Kellogg), providing easy access throughout Wichita. With solid current income and clear upside through lease-up of the vacant unit, this property presents a compelling opportunity for investors seeking steady cash flow in a strong rental market.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$41 USD /SF

# OF UNITS

12

PRICE/UNIT

$47,083

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

B

APN/PARCEL ID

087-129-30-0-43-03-006.00,129-30-0-43-03-005.00

ASK ABOUT THIS PROPERTY

Caleb ClaussenReece Nichols South Central KansasMore Info
316-259-1995

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Caleb ClaussenReece Nichols South Central KansasMore Info
316-259-1995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.