Welcome to Meadowlark Apartmentsan exceptional investment opportunity featuring 32 buildings with 128-units (including an on-site office & shop). The community offers a balanced mix of 64 townhomes and 64 flats. The townhomes feature 2 bedrooms, 1 bathroom, and 950 sq. ft., currently renting for $900. The flats also offer 2 bedrooms and 1 bathroom with 850 sq. ft., renting for $800. Significant improvements have been made throughout the property, including new roofs installed in 2021, SCKEDD weatherization completed in 2023, and central heat & air systems45% of which have been replaced since 2021. All buildings are separately deeded and metered and offer in-unit washer and dryer hookups. Additionally, 91% of the units have been fully remodeled with updates such as fresh paint, new flooring, upgraded tile, countertops, appliances, and more. See Offering Memorandum for additional financials and information.
| MLS # | 667256 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1949 |
| Days On Site | 215 |
| Listing Provided By | Real Broker, LLC | Jenny Grandfield |
| SQ Feet | 107,200 |
|---|---|
| Basement | Y |
| Units | 128 |
| Acreage | 348946.00 |
| Flooring | Wood |
|---|
| Parking Features | 1 per Unit |
|---|
| Property | 54613 |
|---|
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67211 |
| School District | SCKMLS |
| Community Name | PURCELLS ADDITION |
| School District | East |
| Elementary School | Linwood |
| High School | East |
| Listing VS Median (in PURCELLS ADDITION) | |
Price: $8,500,000 low | high Med: $8,500,000 sqft: 107,200 low | high Med: 107,200 $ / sqft: $79 low | high Med: $79 On site: 215 low | high Med: 215 | |
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67211 |
| School District | SCKMLS |
| Community Name | PURCELLS ADDITION |
| School District | East |
| Elementary School | Linwood |
| High School | East |
| Listing VS Median (in PURCELLS ADDITION) | |
Price: $8,500,000 low | high Med: $8,500,000 sqft: 107,200 low | high Med: 107,200 $ / sqft: $79 low | high Med: $79 On site: 215 low | high Med: 215 | |