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Michelle Briggs

michellebriggswichita@gmail.com +1(316) 644-8962

Listed by Shane Pullman • Berkshire Hathaway PenFed Realty

$ 450,000

Est. payment -/mo

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1836-1838 S Lorraine Ave Wichita, KS 67211

4,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Four to Sixplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $112

MLS Listing ID SCK681055

Style Side by Side

Total Fin. Sqft 4000

Year Built 1958

Annual Tax Amount $3,718

Tax Year 2025

Lot Dimensions 19167

Property Sub-Type Four to Sixplex

Source sckansas

Property Description

Welcome to the charm of the 1950s with this beautifully updated four-unit investment property, offering the perfect combination of classic character, modern improvements, and income-producing potential! Featuring two spacious 2-bedroom units and two 3-bedroom units, this property presents an exceptional opportunity for investors or owner-occupants looking to live in one unit while generating rental income from the remaining three. Extensive improvements throughout the property include new 26-gauge metal roofs on all structures, fresh exterior and interior paint, updated plumbing and electrical in multiple areas, granite countertops, and new appliances in all four units. Beautiful original hardwood floors preserve the timeless character of these homes while complementing the modern renovations. Each unit enjoys the convenience of its own private garage, complete with dusk-to-dawn exterior lighting. Two separate shared laundry rooms serve the property, with each laundry room conveniently accessible to a pair of units. Additional highlights include a spacious driveway, backyard access, and a desirable location offering easy connectivity to major highway systems, shopping, dining, and everyday conveniences. Currently, three of the four units are occupied, generating $32,340 in annual gross rental income, with the potential to generate $42,660 annually at full occupancy. The vacant unit provides immediate flexibility for an owner-occupant or the opportunity to secure an additional tenant and maximize rental income. With substantial capital improvements already completed, a desirable unit mix, individual garages, and strong income potential, this is a fantastic opportunity to acquire a thoughtfully updated four-unit property with lasting appeal and investment potential!

Location

State KS

County Sedgwick

Direction Mt Vernon & Hillside, west on Mt Vernon, north on Lorraine, home on east.

Rooms

Basement None

Interior

Heating Central Gas, Forced Air, Individual Unit

Cooling Multi Units, Electric

Flooring Other

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator

Heat Source Central Gas, Forced Air, Individual Unit

Exterior

Garage Description 1 per Unit, More than 2 per Unit, Covered, Paved, On Street, Detached, Off Street

Utilities Available Natural Gas Available, Sewer Available

View Y/N Yes

Roof Type Metal

Total Parking Spaces 8

Building

Unit Features [{\"UnitTypeActualRent\":860,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681055Group_1\"},{\"UnitTypeActualRent\":860,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681055Group_2\"},{\"UnitTypeActualRent\":960,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK681055Group_3\"},{\"UnitTypeActualRent\":960,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK681055Group_4\"}]

Architectural Style Side by Side

Structure Type Brick Veneer,Frame,Stone Veneer

Schools

Elementary Schools Griffith

Middle Schools Mead

High Schools East

School District Wichita School District (Usd 259)

Others

Security Features Central Laundry

Financing None