306 E Pine

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306 E Pine

Wichita, KS 67214
Asking Price
$400K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Wichita
  • Total building footprint includes ten individual residential units
  • Asset is currently listed for sale at 399,900 dollars
  • Located in the 67214 zip code of Kansas
  • Property supports a steady rental income investment strategy

What's Special

Investors seeking to expand their residential holdings will find this 10-unit apartment building at 306 E Pine in Wichita, Kansas, a practical addition to an existing portfolio. The asset provides a stable base for rental income within a steady Midwestern market known for its diverse manufacturing and aviation-related economic foundations. This multifamily property sits in a strategic location that serves local housing demand, offering residents accessible transit routes and proximity to neighborhood services. Its size makes it manageable for both experienced owner-operators and those scaling their management operations in the region. The property currently functions as a straightforward residential investment, maintaining its utility as a core multifamily asset. With a focus on long-term occupancy and consistent rental performance, this building represents a clear entry or expansion point for buyers targeting the Kansas market. The site layout and unit configuration support functional residential living arrangements, ensuring continued viability for tenants and landlords alike.

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NOI
$80,000
Cap Rate
20.01%
DSCR
3.37
Strong
Cash-on-Cash
46.89%
Monthly Payment
$1,978.487
Annual Cash Flow
$56,258.156

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