Astro Apartments

Multi-Family for Sale
Catylist Listing ID: 30352150
Property Subtypes: Low-Rise/Garden
Number of Units: 21 Units
Building Size (RSF): 7,410 SF
Sale Price: $375,000
Unit Price: $17,857.14 Per Unit
Property Use Type: Investment
Building Name: Astro Apartments
Sale Terms: Cash to Seller
Cap Rate: 12.05%
Last Updated: 11/19/2018

Overview / Comments

KW Commercial is pleased to offer Astro Furnished Aparments which is a 21 unit apartment complex in Wichita, KS. With
multiple recent CapEx items completed, this provides an excellent opportunity for an investor to acquire a high yield, fully
managed, and renovated multi family investment property. The sale includes 5,610 sft of apartment building(s) and a 1,800 sft
garage on the property.

Just seconds from Mt. Vernon & Broadway, minutes from Kellogg US-400 & Highway 135, the Astro Furnished Apartments
provides renters with an affordable, clean, and comfortable living atmosphere. Minutes from multiple nearby retailers including
Walmart, Advance Auto, Braum's Ice Cream, and Family Dollar, the neighborhood offers residents a diverse mix of retailers.

PROPERTY HIGHLIGHTS
• 21 Unit Apartment Complex consisting of 1 bedroom and 2 bedroom units
• New Roof, Electrical, and Plumbing
• Majority of units have been rehabbed and upgraded
• Close proximity to Walmart Supercenter and on a bus line
• Existing Management Can Be Retained
• Seller(s) have owned less then one year, have made over $75K in upgrades & improvements
• All Bills Paid (included in Rent & Financials)

Attachments & Media

Financials

Finance Data Year 2018
Potential Rental Income $112,320 (Annual)
Gross Operating Income $94,248 (Annual)
Net Operating Income $47,591 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Zoning: LC
Percent Occupied: 85%
Property Condition: Average

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,976 116,773 235,200
Median Age: 32.01 32.81 33.53
Households: 6,934 47,355 95,167
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