703-709 S Hydraulic St

Description

703–709 S Hydraulic St presents a fully leased, stabilized multifamily opportunity consisting of two duplexes on one parcel for a total of four units. With strong in-place income and major capital improvements already completed, this property offers a straightforward acquisition without the concern of immediate maintenance or deferred repairs. Each unit features a functional 2 bedroom, 1 bathroom layout with a large living room, a kitchen and dining combo on the main floor, and two bedrooms and one bathroom upstairs. Front entries open onto newer concrete porches, while rear doors lead to private fenced areas. Each unit also includes a basement that houses the mechanicals, laundry hookups, and ample storage, supporting long-term durability and tenant satisfaction. Recent improvements include new siding in 2025, a new roof in 2024, new LVP flooring throughout all units, fresh interior paint, new toilets and vanities, repaired stairs, updated front porch concrete and supports, and two units with new appliances. Security cameras are installed. All four units are currently leased at approximately $900 per month, producing gross income of roughly $3,600 per month or over $43,000 annually. Tenants pay gas and electric, while the owner covers lawn care, water, sewer, and trash, keeping operating expenses predictable. Located along South Hydraulic, the property offers an affordable acquisition point while remaining just minutes from downtown Wichita, Old Town, and Kellogg for easy access across the city. This is a solid, income-producing asset well suited for investors looking to add a clean, stabilized four-unit property to their portfolio. Do not disturb tenants! Showings will be coordinated with property management upon a letter of intent and proof of funds or pre-approval.