Address: 3741 N Rock Rd, Wichita, Kansas, US
Created date: February 27, 2024
Date last updated: May 22, 2024
- 97 Units, Interior Corridor, 3 Stories
- 13% Cap Rate Based on the Asking Price
- Minimal Transfer PIP for New Owner
- Priced to sell at $40,206 Per Key
- Located 15 Minutes from downtown Wichita Kansas
Property Description
The Bowman Post group of NewGen Advisory is pleased to present the 97-unit, interior corridor Super 8 in North Wichita, Kansas. The Super 8 is performing at an impressive increasing room revenue of $1,161,626 in 2022, and 1,226,134 in 2023. Conveniently located just 15 minutes from Downtown Wichita and 8 minutes from Wichita State University, the property enjoys strategic positioning. Investing in Wichita presents a wise decision, supported by its stable economy, affordable cost of living, strategic location, skilled workforce, and abundant prospects for expansion.
Broker of Record: Richard Queen | NewGen Advisory KS, LLC. | License No.: BR00232332