Catylist ID:
#30569253
| 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: | 9/17/2021 |
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. |
Attachments & Media
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 |
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 |
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