82-Unit Portfolio in Central Wichita: Strategically located in a stable and established submarket, this portfolio offers scale with 82 units across multiple adjacent properties—ideal for investors targeting efficient operations and long-term growth in a low-supply environment.
$263,536 In-Place NOI with 88% Occupancy: Strong existing income stream with stable tenant base across 82 units; current occupancy and cash flow provide a solid foundation with upside through rent adjustments, water recapture, and continued lease-up.
Below-Market Rents with 20% Potential Upside: Current weighted average rents are $644—significantly below market. Aligning rents through a mark-to-market strategy presents immediate revenue growth potential of over 20%, with minimal capital outlay.
Stable Demand in a Diversified Economy: Wichita is a regional economic hub with strong employment in aerospace, healthcare, and education. The market’s affordability and consistent renter demand support strong fundamentals and ongoing occupancy.
Colby Haugness
Broker of Record
9393 W. 110th St., Ste. 500
Overland Park, KS 66210
P: (816) 410-1010
Lic #: 00241410
colby.haugness@marcusmillichap.com