Central Park Apartments

Multi-Family for Sale
Catylist Listing ID: 30522884
Property Subtypes: Low-Rise/Garden
Number of Units: 30 Units
Building Size (RSF): 20,732 SF
Gross Land Area: 35,577 SF
Sale Price: $2,100,000
Unit Price: $70,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Central Park Apartments
Sale Terms: Cash to Seller
Cap Rate: 6.7%
Last Updated: 9/19/2020

Overview / Comments

- Layouts:
1 bedroom, 1 bathroom - 536 sq. ft.
2 bedroom, 1 bathroom - 723 sq. ft.
2 bedroom, 1 3/4 bathroom - 794 sq. ft.

- Rents:
1 bedroom, 1 bathroom - $590/month
2 bedroom, 1 bathroom - $650/month
2 bedroom, 1 3/4 bathroom - $695/month

- Occupancy: 100%

- Number of Units: 30

- Floors: 3

The Central Park Apartments are spectacularly located on Central Avenue in Sleepy Hollow and across from College Hill both highly desirable neighborhoods for the park settings with classic well-maintained homes. Central Park Apartments are modern convenient built with energy efficiency in mind with a high quality of finish and have amenities such as garages that are rare to find in apartment living in the general area.

The Apartments are next door to Wesley Medical Center a regional hospital and trauma center with birth care and family medicine centers and Via Christi Immediate Care as well. Central Avenue is a major artery that moves traffic from East Wichita to the Downtown Core and is the most commercialized of the roads to Downtown Wichita.

This neighborhood has Starbucks, Chipotle, McDonalds, Panera, Jimmy Johns, Doc Green’s, Subway, Pizza Hut and may notable local restaurants. The area also supports hotels, Dillons grocery, Sprint, Walgreens, dentist, veterinarians, general office and retailers.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087126140330401201
Zoning: GENERAL OFFICE
Percent Occupied: 100%
Property Located Between: Hillside and Oliver
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 2007
Parking Type: Surface
Parking Description: 14 garage stalls, 31 outside stalls
Heat Type: Electricity
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,590 132,947 251,505
Median Age: 32.42 33.26 33.9
Households: 7,298 54,312 102,632
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