1629 S Richmond Ave, Wichita, KS 67213

Property Description

High-Yield Investment Opportunity in SW Wichita – 2 Bed / 1 Bath Home 1629 S. Richmond Ave, Wichita Online Only Auction: Bidding Begins: Wed, Sept. 23rd @ 2:00 PM Bidding Concludes: Wed, Sept 30th @ 6:30 PM Looking to add a reliable cash-flowing asset to your rental portfolio or jump into your next project? Don't miss this high-upside investment opportunity at 1629 S Richmond Ave in Wichita's Stanley-Alley neighborhood! Proven Income Potential: According to Rentometer, average area rent for comparable 2-bedroom homes is $925/month ($11,100 gross annual income)—offering double-digit gross yield potential for buy-and-hold investors. Built in 1930, this 864 sq. ft. single-family home sits on a generous 0.16-acre lot (6,970 sq. ft.) featuring a fully fenced backyard with a storage shed. Equipped with central heating and air, off-street parking, and main-floor washer/dryer hookups, this property combines low overhead with low immediate capital expenditure requirements. Beds/Baths: 2 Bed / 1 Bath Living Area: 864 Sq. Ft. Lot Size: 6,970 Sq. Ft. | Fenced Backyard + Storage Shed Market Rent: $925/mo Average Rentometer Comps Mechanicals: Central Heating & A/C, Washer/Dryer Hookups Location: Wichita USD 259 School District | Fast access to S Seneca St & W Pawnee St