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Multiple Properties In Same Neighborhood Bel Aire, KS 67220

80 Units, New Construction, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a portfolio of 40 newly constructed duplex buildings, totaling 80 units, located in the desirable Bel Aire, Kansas, zip code 67220. Each duplex features three bedrooms and two bathrooms, spanning 1265 square feet per side. Construction is underway, with delivery scheduled between March and December 2024. The properties are situated in a strong school district and enjoy convenient proximity to Koch Industries and other major employers, ensuring high occupancy rates. Current market rents exceed $1550 per side, with two pre-leases already secured. This offering provides flexibility: acquire a smaller portfolio of five buildings (ten units) for $1,725,000, or purchase the entire 40-building, 80-unit portfolio. For the larger portfolio, the seller will contract now, with closings staggered over the next year, approximately five duplexes (ten units) per month, following Certificate of Occupancy issuance. This is a rare chance to acquire a substantial, high-yield multifamily investment in a prime Kansas location. The properties are situated in Sedgwick County. Detailed financial information is available upon request.

Highlights

  • $1,550+ monthly rent per unit; two pre-leases already secured.
  • Multifamily portfolio: five buildings (ten units) for $1,725,000; expansion opportunity to acquire up to 40 buildings (80 units).
  • Seller financing available for the larger 40-building portfolio, with closings staggered over the next year.
  • Post-Certificate of Occupancy (CO), approximately five duplexes (ten units) will close monthly.
  • Confidential data room access requires signing a Non-Disclosure Agreement (NDA).

Property Details for 0 Multiple Properties In Same Neighborhood

Property type
Residential income homes
Year Built
2024
Buildings
40
Units
80

Location Insight

City
Bel Aire
County
Sedgwick
State
Kansas
Latitude
37.781366406754
Longitude
-97.268857324643
Multiple Properties In Same Neighborhood, Bel Aire, Kansas

FAQs

What type of property is this?
Residential income home - 80 Units, New Construction, High Demand
Where is the residential income home located?
The property is located at Multiple Properties In Same Neighborhood Bel Aire, KS.
What are key features of this property?
This property features: $1,550+ monthly rent per unit; two pre-leases already secured.; Multifamily portfolio: five buildings (ten units) for $1,725,000; expansion opportunity to acquire up to 40 buildings (80 units).; Seller financing available for the larger 40-building portfolio, with closings staggered over the next year.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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0 Multiple Properties In Same Neighborhood
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