Wellington Place Apartments

Multi-Family for Sale
Catylist Listing ID: 30606957
Property Subtypes: Low-Rise/Garden
Number of Units: 20 Units
Building Size (RSF): 9,232 SF
Gross Land Area: 0.51 Acres
Sale Price: $699,900
Unit Price: $34,995 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Last Updated: 9/14/2020

Overview / Comments

Property Highlights
• 20-unit apartment complex
• Units have been remodeled in recent years
• Year Built: 1935
• Lot Size: 0.51 Acres

Financial
• Unit Mix – 400 SF studio units, $495/month all-bills-paid
• NOI (2019): $73,576
• Cap Rate: 10.5%
• Sale Price: $699,900

Attachments & Media

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087123050440400100
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1935

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,169 83,596 212,061
Median Age: 28.94 33.76 34.66
Households: 4,463 33,557 86,822

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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