Kellogg and Woodlawn Multifamily

Multi-Family for Sale
Catylist Listing ID: 30271765
Property Subtypes: Duplex/Fourplex
Number of Units: 12 Units
Building Size (RSF): 9,042 SF
Gross Building Area: See Agent
Sale Price: $325,000
Unit Price: $27,083.33 Per Unit
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/13/2018

Overview / Comments

• 2017 Taxes - $3,678
• Occupancy – 92% (March 2018)
• Sale Price - $325,000
• Cap Rate (proforma): Current Rents – 8.0%
• Cap Rate (proforma): Market Rents – 9.8%

12 units in 4 buildings located near Kellogg & Woodlawn with upside potential due to below market rents. 8 of the 12 units have been recently renovated long with other capital improvements, including: New exterior paint, windows, doors, HVAC, countertops and upgrades to interior finishes

Attachments & Media

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Total Number of Buildings: 4
Year Built: 1949

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,990 105,945 215,738
Median Age: 34.31 34.04 33.31
Households: 7,417 43,896 86,129

Contact

Photograph of Listing Agent

Nathan Farha

NAI Martens
KSCRE Member
Photograph of Listing Agent

Jeff Englert

NAI Martens
KSCRE Member
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