Duplex and 4-plex Investment Property

Multi-Family for Sale
Catylist Listing ID: 30591427
Property Subtypes: Duplex/Fourplex
Building Status: Under Construction
Number of Units: 58 Units
Building Size (RSF): 106,278 SF
Gross Land Area: 5.13 Acres
Sale Price: $11,310,000
Unit Price: $195,000 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: 8.0%
Last Updated: 10/18/2020

Overview / Comments

- Cap Rate: 8.0% (based on pro forma)
- NOI: $901,511
- 58 units
- Area Neighbors: Dillons, McDonald's, Felipe's Mexican Restaurant, Autozone, Dairy Queen, Little Caesars, Subway, Taco Bell, QuikTrip, O'Reilly Auto Parts, PIzza Hut, CarStoreUSA and many more!

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087118330220100100A
Zoning: MF-18 MULTI FAMILY
Property Condition: Excellent
Number of Stories: 2
Year Built: 2020
Parking Type: Structure, Surface
Laundry: In Each Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,187 61,821 160,454
Median Age: 31.73 35.55 34.42
Households: 5,829 25,314 63,716

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