Other in Wichita, KS

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.