806 S Edwards Ave, Moundridge, KS 67107
- $?
- 6
- BD
- 3,284
- SqFt
- List Price
- $?
- Status
- ACTIVE
- MLS#
- 55404
- Bedrooms
- 6
- Sq. Ft
- 3,284
- Year Built
- 1978
Property Description
Prime Investment Opportunity: Turnkey Triplex in Moundridge, KS Bidding Begins: Wed, Sept. 23rd @ 2:00 PM Bidding Concludes: Wed, Sept 30th @ 6:00 PM; Online Bidding Only Presenting 806 S Edwards Ave, Moundridge, KS—a well-maintained, 3-unit residential apartment building offering immediate rental income and strong multi-family upside. Situated in a quiet, highly desirable community with convenient access to major employment hubs along the I-135 corridor (McPherson, Newton, and Wichita), this property offers stable tenancy and straightforward management. Property Highlights & Financial Overview: Property Layout: Two-story multi-family building comprising three spacious, individual residential units (6 total bedrooms / 6 bathrooms). Current Rental Revenue: Generating $2,445/month in gross scheduled rent ($29,340 annually) with established long-term occupancy: Unit 811: $800/month Unit 812: $825/month Unit 813: $820/month In-Place Operations: Professionally managed at an efficient 8% rate with low turnover history in the Moundridge market. Property Specifications: Built in 1978; featuring wood frame construction, metal siding, poured concrete foundation, attached garage/off-street parking spaces, and separately configured unit layouts. Value-Add & Operational Upside: Utility Submetering Potential: The property currently runs on a single seller-paid master utility setup. A new owner has a clear path to boost net income by converting to individual unit submetering or im
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Additional Information
- Style
- Two or More Stories
- Roofing
- Composition
- Exterior
- Frame, Metal Siding
- Appliances
- Dishwasher, Disposal, Electric Oven
- Basement
- Crawl Space
- Basement Description
- Crawl Space
- Garage Spaces
- 3
- Lot Dimensions
- 11245
- Heating
- Natural Gas
- Cooling
- Electric
- Water
- Public, Meter-MASTER
- Sewer
- Public Sewer, Included in Lease/Rent
- Number Of Units
- 3
Courtesy of Berkshire Hathaway PenFed Realty 316-636-2323
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