5509 S Charles St, Wichita, KS 67217-5068

Wichita
Local realty services provided by:ERA Great American Realty
5509 S Charles St,Wichita, KS 67217-5068
$159,500
  • 4 Beds
  • 2 Baths
  • 1,976 sq. ft.
  • Single family
  • Active
Listed by: amanda jolley
Office: heritage 1st realty
MLS#:667559
Source:South Central Kansas MLS

Price summary

  • Price:$159,500
  • Price per sq. ft.:$80.72

About this home

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.

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Home facts

  • Year built:2001
  • Listing ID #:667559
  • Added:42 day(s) ago
  • Updated:March 12, 2026 at 03:33 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Dining Description:Eating Bar, Eating Space in Kitchen, Kitchen/Dining Combo
  • Kitchen Description:Eating Bar, Island, Pantry, Range Hood
  • Bedroom Description:Master Bedroom on Main Level, Two Sinks
  • Basement:Yes
  • Living area:1,976 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Forced Air, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:2001
  • Building area:1,976 sq. ft.
  • Lot area:0.2 Acres
  • Lot Features:City Lot, Standard
  • Architectural Style:Mobile/Mfd-Perm Found.
  • Construction Materials:Vinyl/Aluminum
  • Exterior Features:Storm Shelter
  • Foundation Description:Crawl Space
  • Levels:One

Schools

  • High school:Campus
  • Middle school:Haysville
  • Elementary school:Ruth Clark

Utilities

  • Sewer:Sewer Available

Finances and disclosures

  • Price:$159,500
  • Price per sq. ft.:$80.72
  • Tax amount:$795 (2025)

Features and amenities

  • Laundry features:220 Equipment, Main Floor, Separate Room
  • Amenities:Ceiling Fan(s), Walk-In Closet(s)

Parking

  • Parking description:Carport
Copyright 2026 South Central Kansas MLS. All rights reserved. Listings courtesy of South Central Kansas as distributed by MLS GRID<lastMLSCheckTimestamp>. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. The information being provided is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 1993-2026 South Central Kansas MLS. All rights reserved.

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