306 E Pine

Wichita, KS 67214

About this property

Expand your real estate portfolio with a proven income-generator at 306, 308, and 310 Pine. This well-maintained, ten-unit apartment complex spans three connected buildings and represents a solid, low-maintenance asset designed to deliver consistent returns from day one. The complex features ten one-bedroom, one-bathroom units, each equipped with essential amenities including a stove, refrigerator, and a window unit for both heating and cooling. The property currently boasts strong occupancy with seven tenants in place, leaving only three vacancies that are actively being marketed and rented. Constructed entirely of brick, these buildings are durable and low-maintenance. They offer enhanced security with electric keypad access at the main entrances and on several individual units. Additionally, a continuous basement spans two of the buildings with access through 310 Pine, offering substantial space for storage or future utility. The location is unparalleled, sitting directly on a major bus line and within walking distance of key community resources. The property is just a short trip from the hospital, downtown restaurants, the courthouse, churches, and more. With the owner currently covering all utilities except electricity, this property offers a streamlined management experience and a clear path to maximizing returns.

About this property

Expand your real estate portfolio with a proven income-generator at 306, 308, and 310 Pine. This well-maintained, ten-unit apartment complex spans three connected buildings and represents a solid, low-maintenance asset designed to deliver consistent returns from day one. The complex features ten one-bedroom, one-bathroom units, each equipped with essential amenities including a stove, refrigerator, and a window unit for both heating and cooling. The property currently boasts strong occupancy with seven tenants in place, leaving only three vacancies that are actively being marketed and rented. Constructed entirely of brick, these buildings are durable and low-maintenance. They offer enhanced security with electric keypad access at the main entrances and on several individual units. Additionally, a continuous basement spans two of the buildings with access through 310 Pine, offering substantial space for storage or future utility. The location is unparalleled, sitting directly on a major bus line and within walking distance of key community resources. The property is just a short trip from the hospital, downtown restaurants, the courthouse, churches, and more. With the owner currently covering all utilities except electricity, this property offers a streamlined management experience and a clear path to maximizing returns.

Features and Additional Information

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$399,900 Pending
6,560 sqft

Presented By Tulsa-OKC Select Relocation Director

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Brokerage
Asher House Realty
1-316-680-6400
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Area Information

SCKMLS | Sedgwick County | JP HILTONS

$ 399,900
This listing is play_arrow 38.2% higher than the average in the area
$ 289,450 in the area
6,560 SqFt
This listing is play_arrow 31.6% larger than the average in the area
4,984 SqFt in the area
$ 61 $/SqFt
This listing is play_arrow 7.4% more than the average in the area
$ 57 $/SqFt in the area
77 days on site
This listing is play_arrow 54.0% above the average in the area
50 days on site in the area

Schools in the Area

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    Elementary School
    Washington
  • turned_in
    Middle School
    Marshall
  • turned_in
    High School
    North
Listed By Ashley Collins
Brokerage: Asher House Realty

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