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Updated almost 8 years ago on . Most recent reply

User Stats

26
Posts
8
Votes
Jake Ramstack
  • Commercial Real Estate Broker
  • Wichita, KS
8
Votes |
26
Posts

Off Market 46 Unit Appartment Complex Wichita, KS

Jake Ramstack
  • Commercial Real Estate Broker
  • Wichita, KS
Posted

Off market for now.

It is in a very desirable part of Wichita. It has been mismanaged and is only 50% occupied. All 1 bedroom, under rented. This deal has great up-side for the right investor. I will warn you that it is HAIRY. The bones of the property are solid. It does need some love. The CAP should be in the teens, IRR in the 20's when you are done. If you would like more info on this or any other "Off Market" deals in Wichita please feel free to call 316-618-1100 (office) or leave your email below with the information that you would most like to see. I am a broker, and this is a real opportunity. Thanks

Offering

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