$100,000
626 S Pattie St, Wichita, KS 67211-2536
This house listed courtesy of Heritage 1st Realty.
Listing Agent: Amanda Jolley
Unique rent-to-own (RTO) investment opportunity offering a long-term, low-maintenance setup. The property is currently occupied by a rent-to-own tenant with a purchase price of $109,240.46, creating a truly hands-off investment. The RTO tenant is responsible for all expenses, including utilities, insurance, taxes, and repairs, significantly reducing management and ownership costs. The home is secured by a 30-year note running from 3/1/2025 through 2/1/2055, with a monthly principal and interest payment of $845.80. The RTO note balance is $109,240.46, providing predictable cash flow and long-term stability. This property is ideal for investors seeking consistent income, minimal management, and tenant-paid ownership expenses. The seller will consider owner financing. This property may be purchased individually or as part of a 15-door investment portfolio, offered at a total purchase price of $1.3 million and generating approximately $13,562 per month in gross rental income. Portfolio terms and structure are negotiable, providing flexibility for investors looking to scale.
- $100,000
- Year Built: 1920
- Tot Bed: 2
- Tot Baths: 1
- Garage: 2
- TFLA: 902
- Basement: Yes - Unfinished
- Gen Tax: $820.00/YR
- Yr Spec: $4.00/YR
More features
- Appliances:
- Architecture: Traditional
- Basement: None
- Basement Foundation: Full,Day Light
- Cooling: Central Air,Electric
- Dining Area: Living/Dining Combo
- Exterior Amenities: Guttering - ALL
- Exterior Construction:
- Fireplace:
- Flood Insurance: Unknown
- Frontage: Paved Road
- Garage: Detached
- Heating: Forced Air,Natural Gas
- Hoa Include:
- Interior: Ceiling Fan(s)
- Internet:
- Kitchen:
- Laundry: In Basement,220 equipment
- Lot Desc: Standard
- Master Bedroom: Master Bdrm on Main Level
- Neighborhood: Sidewalks
- Other Rooms:
- Ownership: Individual
- Roof: Composition
- Utilities: Sewer Available,Natural Gas Available,Public
- Warranty:
Schools
- Elementary School: Kellogg
- Middle School: Mead
- High School: East
The data relating to real estate on this web site comes in part from the South Central Kansas MLS, and includes listings held by other brokerage firms. All information is deemed reliable, but not guaranteed, and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Crown III Realty shall be responsible for typographical errors, misinformation, misprints, and shall be held totally harmless. Listing information is provided for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing.
