2510 & 2520 E Lincoln St

Wichita, KS 67211

About this property

Prime Investment Opportunity - Boulevard Plaza Apartments for Sale! Located in southeast Wichita, Boulevard Plaza Apartments presents a rare opportunity for investors seeking a high-performing asset with solid rental income. This property consists of two 17-unit apartment buildings situated on a spacious 1-acre corner lot. The complex is surrounded by mature trees, a landscaped courtyard, and fencing. There is a total of 34 units, offering a mix of 1-bedroom and 2-bedroom apartments. Each building has (5) 1-bedroom units and (12) 2-bedroom units. Almost all the tenants are on month-to-month leases, providing flexibility for rent adjustments. The gross rental income for 2023 was an impressive $261,000, with a strong YTD income for 2024 (through September) at $213,405. Only 1 vacant unit, ensuring a high occupancy rate and consistent cash flow. Key features: Over 50 parking spaces Utility/Laundry rooms on each floor, with a service provider contract in place with Jetz Laundry The two-bedroom units feature private balconies, several of which have been recently rebuilt Convenient access to major highways like I-135 and Kellogg, making commuting easy With strong financials and low vacancy rates, Boulevard Plaza Apartments is an exceptional investment opportunity!

About this property

Prime Investment Opportunity - Boulevard Plaza Apartments for Sale! Located in southeast Wichita, Boulevard Plaza Apartments presents a rare opportunity for investors seeking a high-performing asset with solid rental income. This property consists of two 17-unit apartment buildings situated on a spacious 1-acre corner lot. The complex is surrounded by mature trees, a landscaped courtyard, and fencing. There is a total of 34 units, offering a mix of 1-bedroom and 2-bedroom apartments. Each building has (5) 1-bedroom units and (12) 2-bedroom units. Almost all the tenants are on month-to-month leases, providing flexibility for rent adjustments. The gross rental income for 2023 was an impressive $261,000, with a strong YTD income for 2024 (through September) at $213,405. Only 1 vacant unit, ensuring a high occupancy rate and consistent cash flow. Key features: Over 50 parking spaces Utility/Laundry rooms on each floor, with a service provider contract in place with Jetz Laundry The two-bedroom units feature private balconies, several of which have been recently rebuilt Convenient access to major highways like I-135 and Kellogg, making commuting easy With strong financials and low vacancy rates, Boulevard Plaza Apartments is an exceptional investment opportunity!

Features and Additional Information

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$1,950,000 Active
23,020 SQFT

Presented By Coldwell Banker Select OKC

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Get in touch today! Phone: 1-405-745-8300
Brokerage
McCurdy Real Estate & Auction, LLC
1-316-867-3600
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Area Information

SCKMLS | Sedgwick County | SUNNYSIDE 2ND ADDITION

$ 1,950,000
This listing is play_arrow 0.0% lower than the average in the area
$ 1,950,000 in the area
23,020 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
23,020 SqFt in the area
$ 85 $/SqFt
This listing is play_arrow 0.0% less than the average in the area
$ 85 $/SqFt in the area
50 days on site
This listing is play_arrow 0.0% below the average in the area
50 days on site in the area

Schools in the Area

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    Elementary School
    Linwood
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    Middle School
    Mead
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    High School
    East
Listed By Braden McCurdy
Brokerage: McCurdy Real Estate & Auction, LLC

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