542-544 S Paula Ave new to site Save Request In-Person Tour Request Virtual Tour
Wichita,KS 67209
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,540 sqft
Price per Sqft $94
Subdivision Floyd Bailey
MLS Listing ID SCK663537
Style Side by Side
Total Fin. Sqft 2540
Year Built 1973
Annual Tax Amount $2,065
Tax Year 2024
Lot Dimensions 9325
Property Sub-Type Duplex
Source sckansas
Property Description
This turnkey, income-producing duplex presents an exceptional investment opportunity offering both immediate cash flow and long-term stability in a desirable, tenant-friendly location. The property includes two well-maintained units—one featuring 3 bedrooms, 1.5 bathrooms, and a 1-car attached garage currently rented for $1,075 per month, and the other offering 2 bedrooms, 1.5 bathrooms, and a 1-car attached garage renting for $900 per month—together generating a strong gross annual income of $23,700. Both units are separately metered, and tenants pay all utilities, providing investors with minimal overhead and simplified management. Each unit showcases matching finishes and thoughtful layouts designed for comfort and practicality, with spacious living areas, functional kitchens, and ample natural light. Additional amenities include large private patios, privacy-fenced yards, and generous onsite parking complemented by convenient street parking options. The property's recent upgrade—a brand-new 30-year architectural Weathered Wood roof—adds significant value and peace of mind for years to come. Well cared for and consistently occupied, this duplex combines modern appeal, low-maintenance ownership, and reliable income potential. Whether expanding an existing portfolio or stepping into your first multi-family investment, this property stands out as a smart, stable, and ready-to-perform asset in a strong Wichita rental market.
Location
State KS
County Sedgwick
Direction Kellogg and Tyler, north to Tyler Ct, east to Paula, north to property
Rooms
Basement None
Interior
Heating Natural Gas,Forced Air
Cooling Electric
Fireplace No
Appliance Disposal,Range,Refrigerator
Heat Source Natural Gas,Forced Air
Exterior
Garage Description More than 2 per Unit,On Street,Attached
Utilities Available Natural Gas Available,Sewer Available
View Y/N Yes
Roof Type Composition
Total Parking Spaces 2
Building
Unit Features [{\"UnitTypeActualRent\":900,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK663537Group_1\"},{\"UnitTypeActualRent\":1075,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK663537Group_2\"}]
Architectural Style Side by Side
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Benton
Middle Schools Wilbur
High Schools Northwest
School District Wichita School District (Usd 259)
Others
Security Features Fenced
Financing Conventional