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Other in Wichita, KS

5509 S Charles St, Wichita, KS, 67217-5068

Description

Bedroom

4 Rooms

Bathroom

2 Baths

Square Foot

1976 Ft

Lot Size

0.20 Acres

Turnkey rent-to-own (RTO) investment opportunity offering built-in long-term stability and minimal management. The property is occupied by an RTO tenant who covers all expenses, including utilities, insurance, taxes, and repairs, making this a truly hands-off investment. The home is secured with a 30-year note running from 10/1/2025 through 9/1/2055, with a monthly principal and interest payment of $1,211. The RTO note balance is $168,080.78, providing strong cash flow and dependable income over the life of the note. This property is ideal for investors seeking predictable returns, low maintenance, and tenant-paid ownership costs. 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.

Location
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Additional Listing Details:

7 days on HouseJet

Last Refresh: 02/06/2026 05:00:03 AM UTC

MLS #: 667559

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Listing Agent

Amanda Jolley

License # 00239320

Heritage 1st Realty

Phone: 316-512-1300