3000 W KELLOGG DR | WICHITA, KS

BROKER & INVESTOR OPEN HOUSE | JUNE 10, 2026 | 10:00 AM – 2:00 PM

Lofts by Viewpointe | Stabilized Cash Flow with Significant Expansion Potential

98% occupied 28-unit multifamily asset, fully redeveloped to institutional-quality standards and situated on approximately 2.7± acres following the recent acquisition of adjacent land. Strategically located along Wichita's primary commercial corridor and directly adjacent to Newman University and Friends University.

Positioned on highly visible Kellogg frontage, this fully redeveloped asset offers a compelling combination of proven in-place cash flow and substantial future development upside. Originally converted from a commercial structure, the property has been completely rebuilt from the ground up with premium materials, modern infrastructure, and institutional-grade security systems throughout, delivering true "like-new" construction quality without the risk, timeline, and uncertainty associated with new development.

The asset consists of 28 upgraded residential units plus office income and has maintained approximately 98% occupancy for more than 12 months. Based on seller-provided financials, the property generated approximately $347,925 in gross income and approximately $302,677 in net operating income during 2025. Current 2026 operating performance annualizes to approximately $313,025 in NOI, providing strong and stable in-place cash flow. At the current asking price of $4,250,000, the property offers an estimated 7.12% in-place cap rate and approximately 1.29x DSCR based on 2025 actual operations.

Expansion Opportunity

Ownership has recently acquired approximately 0.81 additional acres, bringing the total site area to approximately 2.7± acres and creating a compelling future development opportunity.

Preliminary planning concepts indicate the potential for:

• 60 Additional One-Bedroom Units
• 48 Additional Two-Bedroom Units

At current market rents of approximately $995/month for one-bedroom units and $1,295/month for two-bedroom units, the expansion concept could generate more than $1.5 million in additional annual revenue and position the property as a potential 136-unit multifamily community at full buildout, subject to zoning, engineering, permitting, utility capacity, construction feasibility, and all required approvals.

Investment Highlights

• 28-unit multifamily asset plus office income
• Approximately 98% occupancy (12+ months stabilized)
• 2025 NOI: Approximately $302,677
• 2026 Annualized NOI: Approximately $313,025
• Approximately 7.12% in-place cap rate at asking price
• Estimated 1.29x DSCR based on 2025 operations
• Fully redeveloped from the ground up with premium finishes and modern infrastructure
• Approximately 2.7± acres including recently acquired adjacent land
• Significant expansion and development potential
• Prime frontage along the US-54/Kellogg corridor
• Direct adjacency to Newman University and Friends University

Property Features

• Institutional-grade security systems including key fob access, fingerprint-controlled entry, secure package drop systems, and comprehensive camera coverage
• Tenant-paid utilities with additional office and laundry income streams
• Ample on-site parking and efficient site layout
• Designed for operational efficiency, tenant retention, and long-term ownership

Investment Summary

3000 W Kellogg presents a rare opportunity to acquire a stabilized, income-producing multifamily asset with immediate development upside. Combining proven operating performance, premium construction quality, strategic location, and expanded land control, the property offers investors both reliable current cash flow and a clear path toward future value creation in one of Wichita's most visible and desirable multifamily corridors.

Detailed financial information, rent rolls, and supporting documentation will be made available to qualified prospective purchasers upon request.