1322 S Vine St - Apartments FOR SALE


Wichita, KS 67213- McCormick
$625,000 USD
316-259-1995
1322 S Vine St, Wichita, KS for Sale
$625,000 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

Fully occupied 12-unit apartment complex in southwest Wichita—an ideal turnkey investment offering steady income and simple management. The property includes two side-by-side 6-unit buildings (1322 & 1326 S Vine St) on separate lots, with each unit rented and producing a combined gross income of $6,665 per month ($79,980 annually). All units are one-bedroom, one-bath, single-story layouts—no stairs or basements—making them easily accessible and simple to maintain. Each apartment features central heat and air, a front entry plus a back sliding-glass door leading to a private fenced patio area. Tenants enjoy separate gas and electric meters, while the owner pays only for water. The buildings have paved parking for each unit and are conveniently located just minutes from Friends University, Newman University, and US-400 (Kellogg) for an easy commute to anywhere in Wichita. These well-kept units stay rented and offer consistent cash flow in a strong rental market—an excellent addition to any portfolio.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

12

PRICE/UNIT

$52,083

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.