408-410 Arkansas ST, Lawrence, KS 66044
408-410 Arkansas ST, Lawrence, KS 66044
408-410 Arkansas ST, Lawrence, KS 66044
408-410 Arkansas ST, Lawrence, KS 66044
408-410 Arkansas ST, Lawrence, KS 66044
408-410 Arkansas ST, Lawrence, KS 66044
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Jas Benibo

Jas Benibo

+1(816) 533-5095
Listed by Nicholas Lerner • McGrew Real Estate Inc
$ 349,900
Est. payment | /mo

6,256 Sqft Lot

Save
$ 349,900
Est. payment | /mo
Save

6,256 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2625002

Year Built 1976

Annual Tax Amount $3,376

Lot Size 6,256 Sqft

Acres 0.143618

Property Sub-Type Duplex

Source hmls

Property Description

Investor Alert! Turnkey Duplex with Strong Rental Income in a Prime Lawrence Location. Here's an opportunity to acquire a quality investment property that checks all the boxes: location, condition, and reliable cash flow. 404-406 Arkansas Street is a well-maintained duplex located in the Pinkney Neighborhood, offering convenient access to LMH Health, Downtown Lawrence, the University of Kansas, and quick connections to I-70 for commuters. This location continues to attract strong tenant demand from a variety of renter profiles. The current owner has built a reputation for thoughtfully renovating properties to a higher standard than the typical rental unit. Through strategic updates and improvements, this duplex has been positioned to attract quality tenants while achieving above-average rental rates. Each unit features 2 bedrooms and 1 bathroom. With new leases scheduled to commence at the end of July, the property will generate $2,695 per month in gross rental income through July 28, 2027, providing investors with immediate and predictable cash flow. Whether you're looking to expand an existing portfolio or acquire a turnkey investment in one of Kansas' most stable rental markets, this property deserves serious consideration. This property is professionally managed by Foxtail Real Estate Co., one of Lawrence's leading property management firms. For investors seeking a truly turnkey acquisition, Foxtail is prepared to continue management services after closing, providing a seamless transition of ownership and day-to-day operations. Buyers will benefit from established systems, tenant relations, and local market expertise from day one. Alternatively, the new owner retains the flexibility to self-manage or select the property management company of their choice. Rent rolls and financial information are available upon request. Interior Photos were taken before the units were occupied. Photos provided may be from the neighboring duplex unit.

Location

State KS

County Douglas

Zoning R-2

Interior

Heating Forced Air

Cooling Electric

Fireplace N

Exterior

Parking Features false

Utilities Available Other

Roof Type Composition

Building

Story 1

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

Elementary Schools Hillcrest

Middle Schools Central

High Schools Free State

School District Lawrence

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Heartland MLS KS / Southeast Kansas AOR
Jas Benibo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(816) 533-5095

jas@thekeyteamkc.com

10895 Lowell Ave, Overland Park, KS, 66210-1678, USA

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408-410 Arkansas ST