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Toby Gallegos
tobygallegosbroker@lofty.com$ 349,900
Est. payment /mo
New
404-406 Arkansas ST Lawrence, KS 66044
1,824 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,824 sqft
Price per Sqft $191
Subdivision West Lawrence
MLS Listing ID 165798
Year Built 1976
Tax Year 2025
Property Sub-Type Duplex
Source lbor
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 $2,590 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
Rooms
Basement Slab
Exterior
Utilities Available Natural Gas Connected, Electricity Connected
Building
Water Public
Schools
Elementary Schools Hillcrest
Middle Schools Liberty Memorial
High Schools Free State
Others
Ownership Investor
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
Listed by MCGREW REAL ESTATE
Toby Gallegos