316-518-9399
425 W Taft St, Wichita, KS for Sale
Apartments - FOR SALE
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425 W Taft St
Wichita, KS 67213
McCormick


HIGHLIGHTS

  • Riverfront location adjacent to the Delano Riverwalk District.
  • More than $3 million in property improvements completed since 2022.
  • Diverse unit mix featuring 24 studios and 56 one-bedroom residences.
  • 100% occupied community with on-site management infrastructure.
  • Direct access to downtown Wichita, Delano, and the Arkansas River pathway system.
  • Amenities include enclosed parking, pet park, gazebo, and renovated laundry facilities.

OVERVIEW

Lux Off Riverwalk is an 80-unit multifamily community positioned along the Arkansas River in Wichita’s Delano Riverwalk District. The property consists of 24 studio apartments and 56 one-bedroom residences across three buildings, offering investors a stabilized asset with a distinctive architectural identity and a location that connects residents to downtown Wichita, the Delano Entertainment District, Riverside amenities, and major employment centers. The community benefits from direct access to the Arkansas River pathway system, nearby retail and dining destinations, and convenient connections to Kellogg Avenue (US-54), one of Wichita’s primary transportation corridors. The asset has undergone more than $3 million in capital improvements since 2022, including extensive interior renovations, replacement roofing, upgraded mechanical systems, electrical improvements, modernized common areas, enhanced security features, and exterior property upgrades. Unit interiors feature renovated kitchens and bathrooms, updated flooring, contemporary finishes, and stainless-steel appliance packages. Additional property amenities include enclosed parking, door-side parking, a riverside gazebo with grilling areas, a fenced pet park, renovated laundry facilities, and on-site management infrastructure. The surrounding Delano and downtown districts continue to benefit from ongoing public and private investment, including major mixed-use, hospitality, residential, and institutional development projects. These nearby investments support long-term neighborhood vitality while enhancing the property's appeal to residents seeking walkable access to employment, entertainment, recreation, and cultural destinations. With 100% occupancy, a renovated physical plant, and a highly recognizable riverside setting, Lux Off Riverwalk offers investors the opportunity to acquire a well-maintained multifamily asset in one of Wichita’s most established urban residential locations.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

80

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lux off Riverwalk

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

LC

APN/PARCEL ID

129-29-0-24-02-002.00

ASK ABOUT THIS PROPERTY

Kristin StangInSite Real Estate GroupMore Info
316-518-9399

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Kristin StangInSite Real Estate GroupMore Info
316-518-9399

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