COMMODORE APARTMENTS

Multi-Family for Sale
Catylist Listing ID: 30449786
Property Subtypes: High-Rise
Number of Units: 90 Units
Building Size (RSF): 47,752 SF
Gross Land Area: 21,114 SF
Sale Price: $1,200,000
Unit Price: $13,333.33 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 47,752 SF
Sale Terms: Other
Last Updated: 10/14/2019

Overview / Comments

Investors have the rare opportunity to acquire a historic multi-family investment located within minutes of US Highway 54/400 and Interstate 135.

The Commodore Apartments is a 90 unit property located at 222 E. Elm in the heart of downtown Wichita. There is an onsite office, laundry facility, lounge and storage.

Unit Breakdown:
Studio - 69
1 Bedroom - 20
2 Bedroom - 1

Occupancy: 50%

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $13,881 (Annual)

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087124170440701100
Zoning: MULTI-FAMILY
Percent Occupied: 50%
Property Located Between: Property located between Broadway Ave. and Market St.
Total Number of Buildings: 1
Number of Stories: 9
Year Built: 1929
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,050 124,818 238,775
Median Age: 31.88 33.35 33.85
Households: 5,694 50,667 97,331
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