1427 E Central Ave Wichita, KS 67214

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Great opportunity to own a strip-mall fully rented bringing monthly income in excess of $ 3, 000 with potential to expand on next lot sitting vacant and included in the sales price Centrally located on the corner of Mathewson Ave and E Central Ave sturdy brick building fully rented with five tenants (1425 E Central - restaurant, 1423 E Central - liquor shop, 1421 E Central - beauty salon, 1419 E Central - storage and 14191/2 - smoke shop). Monthly gross rental income is $ 3, 216.00 modified gross with the prorated rent from the billboard. Lots of improvements like new flat roof in 2020 with 25-year warranty and updated electrical in 2010. As a result of a fire on adjacent building (now demolished) 1419 and 1421 were totally renovated and the sales price includes the now vacant lot.