At a Glance
- Year built: 1983
- Area, sq ft: 12,288 sq ft
- Floors: Carpet, Other
- Date added: Added 4 months ago
Description
- Description: 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. Show all description
Community
- School District: Wichita School District (USD 259)
- Elementary School: Black
- Middle School: Pleasant Valley
- High School: North
Rooms in Detail
- Living Room: 12288
- Appliances: Dishwasher, Disposal, Range, Refrigerator
Listing Record
- MLS ID: SCK655362
- Status: Sold-Inner Office
Financial
- Tax Year: 2024
Additional Details
- Basement: None
- Exterior Material: Frame
- Roof: Composition
- Heating: Forced Air, Heat Pump, Other
- Cooling: Electric, Heat Pump, Other
- Approximate Age: 51 - 80 Years
- ParkingTotal: 24
Agent Contact
- List Office Name: Reece Nichols South Central Kansas
- Listing Agent: Nela, Bayouth
- Agent Phone: (316) 393-5259
Location
- CountyOrParish: Sedgwick
- Directions: From Central and Mclean go west to St. Paul then north to Elm. Head west on Elm to the end of the street where you will enter the parking lot