2280 N Tara Cir - Apartments FOR SALE


Wichita, KS 67226- Northeast Wichita
$8,950,000 USD
316-260-5900
2280 N Tara Cir, Wichita, KS for Sale
$8,950,000 USD
Apartments - FOR SALE
1/23
null | 6.53% Cap Rate

2280 N Tara Cir
Wichita, KS 67226
Northeast Wichita


HIGHLIGHTS

  • Investment Opportunity
  • 88 Unit Apartment Complex
  • Prime Northeast Wichita Location

OVERVIEW

21Rock Apartments is an 88-unit apartment complex originally built in 1984 and was significantly remodeled in 2021. The complex offersan exceptional investment opportunity in a prime Wichita location. Situated near Wichita State University, Dillons Grocery, Bradley Fair,the city's premier shopping and dining destination, and Tallgrass Golf Club, the property appeals to a diverse tenant base, includingstudents, faculty, and professionals. The blend of classic architectural paired with modern amenities ensures high occupancy rates andstrong cash flow. This well-maintained asset is poised to deliver long-term returns, making it a standout in Wichita's multifamily market.

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

88

PRICE/UNIT

$101,705

CAP RATE

6.53%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

21 Rock Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

97

LAND DETAILS

LAND ACRES

4.08 AC

LAND SF

177,725 SF

ZONING

-

APN/PARCEL ID

113-05-0-33-03-004.00

ASK ABOUT THIS PROPERTY

Reese BayliffReece Nichols South Central KansasMore Info
316-260-5900

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Reese BayliffReece Nichols South Central KansasMore Info
316-260-5900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.