At a Glance
- Year built: 1968
- Area, sq ft: 9,396 sq ft
- Date added: Added 1 week ago
Description
- Description: Investment Offering – 534–544 N Richmond, Wichita, KS Rare opportunity to acquire a well-maintained multifamily package of three side-by-side duplexes arranged in a U-shape with convenient onsite parking and shared greenspace. This six-unit property generates a gross annual income of $71,700 with strong potential for continued rent growth through targeted updates. Each unit features: 2 bedrooms, 1 bath on the main level Finished basement with an additional non-conforming bedroom and living room New LVT flooring installed in basements, providing modern, durable finishes tenants love Recent capital improvements ensure low near-term maintenance: New roofs (installed within the last 2 months) 5 of 6 air conditioning units updated within the past 2 years With value-add opportunities still available through interior renovations and rent optimization, this property offers both stability and upside. Located in a prime central Wichita location, residents enjoy quick access to downtown, the river, local parks, popular restaurants, and major highways, making it highly attractive for tenants. This is a strong, income-producing asset with proven performance and room to grow—ideal for both seasoned investors and those expanding their Wichita portfolio. Show all description
Community
- School District: Wichita School District (USD 259)
- Elementary School: Lawrence
- Middle School: Hadley
- High School: West
- Community: DAVIDSON 2ND
Rooms in Detail
- Living Room: 9396
- Appliances: Dishwasher, Disposal, Range, Refrigerator
Listing Record
- MLS ID: SCK661902
- Status: Active
Financial
- Tax Year: 2024
Additional Details
- Basement: Finished
- Exterior Material: Other
- Roof: Composition
- Heating: Natural Gas
- Cooling: Electric
- Approximate Age: 51 - 80 Years
- ParkingTotal: 12
Agent Contact
- List Office Name: Reece Nichols South Central Kansas
- Listing Agent: Nela, Bayouth
- Agent Phone: (316) 393-5259
Location
- CountyOrParish: Sedgwick
- Directions: EAST ON CENTRAL FROM WEST STREET TO RICHMOND, SOUTH TO HOME