Residential Portfolio

Multi-Family for Sale
Catylist Listing ID: 30756367
Number of Units: 49 Units
Building Size (RSF): 40,408 SF
Gross Building Area: See Agent
Sale Price: $3,800,000
Unit Price: $77,551.02 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 7.73%
Last Updated: 8/25/2021

Overview / Comments

Property Highlights:
- ​49 Total Units
​- Various Wichita Locations
​- Recently undergone extensive interior renovations

Unit Mix:
- ​(1) One-Bedroom (Avg. Rent - $495)
​- (30) Two-Bedroom (Avg. Rent - $684)
​- (16) Three-Bedroom (Avg. Rent - $858)
​- (2) Four-Bedroom (Avg. Rent - $850)

Financial Information:
- ​Occupancy - 96%
​- Proforma NOI - $293,566
​- Cap Rate - 7.73%
​- Gross Annual Rents - $441,960
​- Gross Rent Multiplier - 8.6
​- Sale Price: $3,800,000

*SEE FLYER FOR COMPLETE PROPERTIES LIST.

Attachments & Media

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Percent Occupied: 96%

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,619 131,874 257,642
Median Age: 33.14 33.12 33.64
Households: 6,601 53,683 105,265

Contact

Photograph of Listing Agent

Jeff Englert

NAI Martens KSCRE Member
Photograph of Listing Agent

Nathan Farha

NAI Martens KSCRE Member
Photograph of Listing Agent

Trent Garman

NAI Martens
KSCRE Member
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