2801 E Harry St, Wichita, KS 67211

Meadowlark Apartments presents a rare opportunity to acquire a 128-unit, 32-building multifamily portfolio featuring a desirable townhome-style layout with strong in-place cash flow and limited remaining capital exposure. The property consists of 64 two-bedroom townhomes and 64 two-bedroom flats, along with an on-site leasing office and maintenance shop, providing efficient on-site operations.

Unit mix includes:

• 64 Townhomes: 2 Bed / 1 Bath | ~950 SF | Current rents at $900

• 64 Flats: 2 Bed / 1 Bath | ~850 SF | Current rents at $800

The asset has undergone extensive capital improvements, positioning it as a largely stabilized investment:

• New roofs installed in 2021

• SCKEDD weatherization completed in 2023

• Central heat & air throughout the property, with approximately 45% of HVAC systems replaced since 2021

• 91% of units fully remodeled, featuring updated flooring, paint, tile, countertops, appliances, and modern interior finishes

• In-unit washer/dryer hookups in all units

• Separately deeded and separately metered buildings, reducing owner utility exposure

Meadowlark Apartments offers a compelling blend of stable in-place income, modernized interiors, and reduced near-term capital requirements, making it well-suited for investors seeking durable cash flow with long-term appreciation potential.

Please refer to the Offering Memorandum for detailed financials, rent roll, and additional property information.