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94-Unit Apartment Building w City Views 222 E Elm St 103 Unit Apartment Building $699,000 ($6,786/Unit) Wichita, KS 67214
Investment Highlights
- 40 off-street parking spaces
- Hardwood floors & large windows throughout
- Strategic Location: Within 15 minutes of Spirit AeroSystems, Koch Industries, and Textron Aviation.
- Expansive city views
- High-Density Potential: 94-unit floorplan ideal for urban housing conversion.
- Located near Wichita State University (WSU), where 90% of the 16,000+ students live off-campus.
Executive Summary
FRE Auctions and Litsey Commercial Real Estate are pleased to present this Auction Plus opportunity (allows for contingencies) to revitalize this 94 unit historic asset.
This property is available via Online Auction at www.FRE.com/543D6 with a starting bid of $699,000.
This property is available via Online Auction at www.FRE.com/543D6 with a starting bid of $699,000.
Property Facts
| Price | $699,000 | Lot Size | 0.21 AC |
| Price Per Unit | $6,786 | Construction Status | Under Renovation |
| Sale Type | Investment | Building Size | 47,752 SF |
| No. Units | 103 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 9 |
| Property Subtype | Apartment | Year Built/Renovated | 1929/2026 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.84/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | GC - General Commercial | ||
| Price | $699,000 |
| Price Per Unit | $6,786 |
| Sale Type | Investment |
| No. Units | 103 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Construction Status | Under Renovation |
| Building Size | 47,752 SF |
| Average Occupancy | 0% |
| No. Stories | 9 |
| Year Built/Renovated | 1929/2026 |
| Parking Ratio | 0.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | GC - General Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Vintage Building
- Elevator
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 74 | - | 435 |
| 1+1 | 28 | - | 625 - 650 |
| 2+1 | 1 | - | 700 |
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 124-17-0-44-07-011.00 | Improvements Assessment | $150,285 |
| Land Assessment | $2,611 | Total Assessment | $152,896 |
Property Taxes
Parcel Number
124-17-0-44-07-011.00
Land Assessment
$2,611
Improvements Assessment
$150,285
Total Assessment
$152,896
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94-Unit Apartment Building w City Views | 222 E Elm St
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