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6 Beds

6 Baths

3,284 SqFt

Active Under Contract

806 S Edwards Ave Moundridge, KS 67107

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Lacy Critchfield

lacyj@milagroup.llc +1(316) 395-5355

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,284 sqft

MLS Listing ID 55404

Style Two or More Stories

Bedrooms 6

HOA Y/N No

Year Built 1978

Annual Tax Amount $3,924

Tax Year 2025

Lot Dimensions 11245

Property Sub-Type Triplex

Source prairie

Property 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 im

Location

State KS

County Mcpherson

Area Moundridge

Rooms

Basement Crawl Space

Interior

Heating Natural Gas

Cooling Electric

Fireplace No

Appliance Dishwasher, Disposal, Electric Oven

Exterior

Parking Features Paved, Garage

Garage Spaces 3.0

Carport Spaces 3

Garage Description 3

Amenities Available None

Roof Type Composition

Building

Sewer Public Sewer, Included in Lease/Rent

Water Public, Meter-MASTER

Architectural Style Two or More Stories

Structure Type Frame,Metal Siding

Schools

School District Moundridge

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Berkshire Hathaway PenFed Realty

Nearby Locations

${companyName}

Phone

+1(316) 395-5355

lacyj@milagroup.llc

Address

1001 E Douglas Ave, Wichita, Kansas 67211, USA