April 24, 2024 #Featured
Joann Dr, Mulvane, KS 67110
Smart Investment Opportunity: Joann Dr, Mulvane, KS 67110
Unlock the value with this solid 3-bedroom, 1.5-bathroom brick home in Mulvane, offering a substantial 1,980 sqft of living space on a 9,146 sqft lot. This property features a 2-car attached garage, a covered back deck, and a privacy-enhancing fenced backyard, located conveniently close to top-rated schools and inviting community parks.
Key Property Features:
- Expandable Living Space: The huge unfinished basement is a blank slate, ready to be transformed into a 4-bedroom, 2-bath setup, increasing both functionality and market appeal.
- Community Advantage: The proximity to esteemed schools and parks adds a desirable layer to the property’s location, enhancing its potential as a family home or a high-demand rental.
- Solid Foundation: With its “good bones” and robust 1970 construction, this home requires minimal ongoing maintenance, allowing for more focus on enhancements that add value.
Investment Highlights:
- Competitive Starting Bid: Starting at $130,000 with a clear pathway to an ARV of $215,000, reflecting an exceptional market opportunity.
- Potential Rental Income: Set to generate around $1,200 per month, offering a robust return on investment.
- Minimum EMD: $2,500
- Annual Taxes: $2,380
This property is not just a house but an investment waiting to reward you. With its straightforward potential for enhancement and strong foundation for growth, 1216 Joann Dr stands out as a prudent choice for investors, ready to yield immediate benefits and long-term gains.
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April 11, 2024
S All Hallows St, Wichita, KS 67213
Investment Opportunity on S All Hallows St, Wichita, KS 67213
Explore this solid investment in a 2-bedroom, 2-bathroom single-family home, poised for significant growth. Built in 1937 and located in Wichita, this property features 820 sqft of living space on a 6970 sqft lot, ideal for those looking to enter the rental market or undertake a rewarding fix and flip project.
Key Details:
- Structure: 2 bedrooms, 2 bathrooms.
- Lot Size: 6970 sqft with a detached single-car garage.
- Basement: Partially finished, adding functional space with potential for enhancement.
- Tax Information: $3,979 annually.
Financials & Investment Potential:
- Starting Bid Price: $60,000.
- Minimum EMD: $2,500.
- Rental Opportunity: Ready to be prepared for rental with potential rates from $900 to $1,250.
- Investment Upside: Significant upside for investors seeking a practical project with a promising return.
Positioned as a pragmatic choice for both novice and seasoned investors, this property offers the chance to secure a profitable investment with a manageable initial outlay. Take advantage of this opportunity to expand your portfolio and realize substantial gains from either a rental setup or a quick property flip.
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