46 Unit Single Family Home Portfolio

Undisclosed Address, Wichita, KS 67212
Multi-Family for Sale
Catylist Listing ID: 30767517
Number of Units: 46 Units
Building Size (RSF): 70,881 SF
Gross Building Area: See Agent
Sale Price: $8,750,000
Unit Price: $190,217.39 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.24%
Average Occupancy Rate: 100
Last Updated: 10/14/2021

Overview / Comments

100% Occupied, 46 single family home portfolio in affluent Northwest Wichita.​ Offering close proximity to public and private schools, close to large area employers, quick access to Kellogg (US-54) & Interstate 235.​

Well-Maintained Units.​ Landlord pays property taxes, insurance, & maintenance and repairs.​ Tenants are responsible for all individual utilities, trash, lawn care, and general upkeep.​

5.24% Capitalization Rate on Actuals, 6.13% Capitalization Rate on Proforma.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $77,957 (Annual)
Potential Rental Income $797,400 (Annual)
Gross Operating Income $678,900 (Annual)
Net Operating Income $536,040 (Annual)
Actual or Proforma Year Proforma

Additional Details

Percent Occupied: 100%
Property Located Between: Various Northwest Wichita Locations, all in close proximity to each other.
Highway Access: 2.5 Miles to E Kellogg (US-54) and 2 miles to Interstate 235
Airports: Wichita Dwight D Eisenhower National Airport approximately 3 Miles away
Area Description: Affluent Northwest Wichita locations.
Total Number of Buildings: 46
Property Condition: Good
Year Built: 1996
Year Renovated: 2020
Roof Type: Other
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

Contact

Photograph of Listing Agent

Shane Pullman

Better Homes & Gardens Real Es
KSCRE Member
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