Listed by Berkshire Hathaway HomeServices PenFed Realty Wichita
$2,725,000
Marchant Grove
Details
Property Type Multifamily, Senior Living
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 16,334
Net Rentable (SqFt) 16,334
Units 16
Cap Rate 6.29%
NOI $171,433
Occupancy 100%
Pro-Forma Cap Rate 6.84%
Pro-Forma NOI $186,313
Broker Co-Op Yes
Year Built 2010
Buildings 3
Stories 1
Acreage 2.010
Parking Spaces 2 per unit
Investment Type Stabilized
Ground Lease No
Ownership Corporate
Multifamily | 6.29% CAP | 16 Units
Marketing description
Exceptional opportunity to own a well-maintained 16-unit apartment complex tailored for the 55+ lifestyle. Built 15 years ago with long-term durability and operational efficiency in mind, this community continues to stand out in both construction quality and tenant appeal.
Investment highlights
- 100% occupied with a tenant waiting list
- Exceptionally well built using ICF and smart board, with fresh exterior paint
- Low maintenance cost due to construction quality
- Full concrete drive & driveways, with excess parking for Guests.
- $186,313 in place NOI, 6.84% Cap Rate
Listing Contacts
Listed by Berkshire Hathaway HomeServices PenFed Realty Wichita
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,433.00
$14,286.08/mo
Valuation Metrics
0
DSCR
6.29%
Cap Rate
6.29%
ROI
Map
Zoning
MFA ResidentialMulti FamilyMultiple Family Apartment Residential District
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View all 122 uses
View all 122 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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