1571 N Gentry Dr
- 22-Unit Single Family Home Portfolio
- Strategically clustered portfolio allowing for efficient operations or potential development opportunity
- Great location next to Wichita State University and directly adjacent to the Wichita State Innovation Campus
- 2 vacant lots included allowing for future development opportunities
- Gross Potential Income of $23,000 +/- month on existing 22-units
- Purchase Price - $2,375,000
Property Description
The WSU Single Family Portfolio consists of 22 single-family rental homes plus two vacant lots strategically clustered near Wichita State University and directly adjacent to the Wichita State Innovation Campus. The portfolio offers strong in-place income with gross potential income of approximately $23,000 per month while providing long-term redevelopment optionality due to contiguous ownership. The vacant lots and assemblage scale create future upside for higher-density residential or mixed-use development, subject to zoning and approvals.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,900,000 |
| No. of Units: | 22 |
| Opportunity Zone: | No |
| Price per unit: | $86,364 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
720-22 W. Cornelia
Chicago, Illinois
3109 Central Drive
Fort Wayne, Indiana
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout