1650 Georgetown StWichita, KS 67218

Property Details for 1650 Georgetown St

Year built

1984

Construction

FRAME

Lot size

0.70 AC

Property size (Sq ft)

12,800 SF

Property type

Garden apartment buildings

APN

087-127-35-0-12-01-003.00

APU

87127350120100300

Description

This exceptional 16-unit senior apartment building presents a lucrative investment opportunity in Wichita, Kansas. Located at 1650 S Georgetown St, this property boasts 12,800 square feet and sits within the LC zoning district. Constructed in 1984 and extensively renovated in 2021, the building is in excellent condition. The unit mix includes four one-bedroom and twelve two-bedroom apartments, all fully furnished. Residents enjoy the convenience of an all-bills-paid arrangement, adding to the property's appeal. Further enhancing the resident experience are carports, an elevator, a gated community for added security, and optional storage units available at an additional cost. The suggested monthly lease rates are highly competitive, with one-bedroom units at $1,095 and two-bedroom units at $1,295. This property offers a strong cash flow potential, making it an ideal addition to any investment portfolio. The asking price for this turnkey operation is $1,900,000. Situated south of Harry on Georgetown Street in Sedgwick County, zip code 67218, this property benefits from a desirable location and strong rental demand within the senior living market. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving community.

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6632

Longitude

-97.2853

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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