Catylist ID:
#30569253
Catylist Listing ID: | 30569253 |
Property Subtypes: | Government Subsidized, Low-Rise/Garden |
Status: | Pending |
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: | 2/27/2021 |
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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