Westwood Arms Apartments

Multi-Family for Sale
Catylist Listing ID: 30569253
Property Subtypes: Government Subsidized, Low-Rise/Garden
Number of Units: 36 Units
Building Size (RSF): 26,640 SF
Gross Land Area: 2.60 Acres
Sale Price: $1,300,000
Unit Price: $36,111.11 Per Unit
Property Use Type: Investment
Building Name: Westwood Arms Apartments
Sale Terms: Cash to Seller
Cap Rate: 8.3%
Last Updated: 11/26/2021

Overview / Comments

- Cap Rate is based on Proforma
- Section 8: Accomodates Section 8 housing and rent and deposit is based upon income
- Parking: 55 stalls
- Layouts: 1 bedroom, 1 bathroom - 571 sq. ft.; 2 bedroom, 1 bathroom - 766 sq. ft.; 3 bedroom, 1 bathroom - 1,033 sq. ft.

Westwood Arms Apartments is located within walking distance of shopping, dining, and recreation and recently went through a major renovation including installation of new windows, doors and energy efficient central heat and A/C systems generating lower energy bills.

Included as standard in every apartment is a kitchen equipped with an oven/range, refrigerator and double basin sink with disposal plus washer/dryer hookups, quality carpet, vinyl and blinds with sliding glass door accessing the rear patio area.

Westwood Arms also has onsite management Monday, Wednesday and Friday between 9:00 a.m. and 4:00 p.m. with 24/7 emergency maintenance on-call.

Additional Details

Nearest MSA: Wichita
County: Sumner
Tax ID/APN: 0961551501011003000
Percent Occupied: 100%
Total Number of Buildings: 6
Number of Stories: 2
Year Built: 1972
Parking Type: Surface

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,404 8,676 8,676
Median Age: 38.25 38.13 38.13
Households: 2,255 3,422 3,422


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kansas Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.