Westwood Arms 1026 Shady Lane Ct 36 Unit Apartment Building $1,800,000 ($50,000/Unit) Wellington, KS 67152

HAP CONTRACT - INCOME BASED APARTMENTS
May be purchased with neighboring duplexes. ( 401 N. Circle Dr.)
SALE PRICE: $1,800,000
2026 Taxes $15,520.90
Building Size: Six (6) 4,440 SF Buildings Totalling 26,640 SF
# of Units 36
Land Size: 2.6 Acres
Year Built: 1972
Layouts:
1 bed, 1 bath - 571 SF
2 bed, 2 bath - 766 SF
3 bed, 3 bath - 1,033 SF
Section 8: Accomodates Section 8 Housing. Rent/deposit is
based upon income.
This multifamily investment opportunity features 36 income-based apartment units under a HAP contract, located at 1026 Shady Lane Ct. in Wellington, Kansas. The property consists of six two-story buildings totaling 26,640 square feet on a spacious 2.6-acre site. Recent extensive renovations have enhanced long-term operational stability and decreased future capital expenses, including new windows, doors, and a high-efficiency HVAC system.
The apartment community offers a range of layouts including one-, two-, and three-bedroom units, all equipped with full appliance packages, double basin sinks with disposals, and washer/dryer hookups. Residents enjoy quality features such as plush carpeting and vinyl sliding glass doors that open to private patios. A well-equipped playground caters to families and promotes community engagement.
Situated within close proximity to grocery stores, dining options, and recreational venues, this property addresses essential lifestyle needs. Its positioning near key retail establishments and a short drive to Wichita adds regional connectivity and tenant appeal. Strong income security is supported by participation in Section 8 housing, offering consistent returns and reduced vacancy risk. This asset presents investors with the advantage of stable cash flow and long-term tenant occupancy within a demand-driven affordability segment.