1406-1408 S Lulu Ave

Description

1406–1408 S Lulu Ave offers a flexible duplex opportunity for investors or owner-occupants looking to build wealth through rentals in central Wichita. With one 2 bedroom, 1 bathroom unit currently vacant and the other leased through September 30, this property provides immediate income with the option to occupy or lease the second side. Both units feature a simple, functional ranch-style layout with living space and two bedrooms all on one level, making them easy to live in and easy to rent. The occupied unit brings in $775 per month, while the vacant side is ready for a new tenant or owner-occupant with market rent projected at $800 or more per month. This setup allows a buyer to offset monthly expenses while living on site, or gives an investor a clean path to stabilizing both units quickly. The detached garage and on-site parking add convenience for tenants and owners alike. Utilities are straightforward with tenants paying gas, water, and electric, while the owner covers lawn care and trash, helping keep operating expenses predictable. Located just south of downtown Wichita with quick access to Old Town, major highways, and everyday amenities, the South Lulu location balances affordability with connectivity. This is not a luxury property. It is a solid and approachable option for someone focused on function, income potential, and long-term ownership. Please do not disturb tenants.