North Town Square Apts
ntownsquire.wixsite.com
333 W 21th st Wichita Kansas 67203

Property Facts:
Price : 3.2M or 2.6M
No Unit : 80 (1Bed 43,Studio29, 2Beds 8) Cap 13.8% +Owner Carry Available
Price per Unit : $32,500-40,000
Sale Conditions : Good
Building Size :40,000sqft
Lot Size or
Total Land Area:
Year Built:1980
No Stories:3F
Average Occupancy (May 18/2020) 70%(54/78units).2units(Office.,Owner)
14units will need to Renovations

Unit Amenities:
Window air conditioning &Heating  : PTAC electric
Kitchen : Electric Oven. Refrigator
Tile floors:VCT

Site Amenities:
Gated :3Exits wood and steel fence

Financial summary:
Gross Rental income :$420,000($35,000/M)
Total expenses:$72,000($6,000/M)
Net operating income:$358,800($31,000/M)

Firm as is prices:2.6M(Cap rate13.8%)

Investment highlights:
Brand new PTAC units(40units)
Brand new Refrigerator(30units)
Brand new Stove(30units)
Brand new Disposal(30units)
Brand new etc

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