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 implementing a Ratio Utility Billing System (RUBS). Strong Rental Demand: Moundridge (USD 423) maintains a consistently low supply of multi-family housing, supporting strong historical occupancy and future rent growth potential.
Details
| MLS # | 678422 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 11 |
| Listing Provided By | Berkshire Hathaway PenFed Realty | Dave Brown |
Features
| SQ Feet | 3,284 |
|---|---|
| Units | 3 |
| Acreage | 11245.00 |
Interior
| Flooring | Carpet, Tile |
|---|
Parking
| Parking Features | 2 per Unit, Attached, Other |
|---|
Taxes
| Property | 3609 |
|---|
Area Information
| State | KS |
|---|---|
| County | McPherson |
| City | Moundridge |
| Zip Code | 67107 |
| School District | SCKMLS |
| School District | Moundridge |
| Elementary School | Moundridge |
| High School | Moundridge |
| Listing VS Median (in 67107) | |
sqft: 3,284 low | high Med: 2,094 On site: 11 low | high Med: 226.5 | |
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Learn More About This Property
| State | KS |
|---|---|
| County | McPherson |
| City | Moundridge |
| Zip Code | 67107 |
| School District | SCKMLS |
| School District | Moundridge |
| Elementary School | Moundridge |
| High School | Moundridge |
| Listing VS Median (in 67107) | |
sqft: 3,284 low | high Med: 2,094 On site: 11 low | high Med: 226.5 | |
