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429 W Central Ave
Wichita, KS 67203
Pinnacle Lofts and Apartments · Multifamily Property For Sale
·
70 Units
INVESTMENT HIGHLIGHTS
- Built in 2016, Pinnacle Lofts features loft-style units with open floor plans, industrial finishes, and in-unit washers and dryers.
- The property is stabilized, showing strong rent and RUBS growth under current market conditions.
- Ideally situated in the Riverside neighborhood, offering convenient access to bike trails, city parks, dining, and key entertainment venues.
- This asset is offered free and clear of existing debt.
EXECUTIVE SUMMARY
As the exclusive advisor, MMG Real Estate Advisors is pleased to offer the opportunity to acquire Pinnacle Lofts. This Class A, stabilized asset offers rent upside and is situated in the highly sought-after Riverside neighborhood on the edge of downtown Wichita. Just minutes from the metro’s premier amenities and entertainment, this property is located in a supply-constrained market where rental demand is steadily increasing.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.58 AC |
| No. Units | 70 | Building Size | 48,968 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2016 |
| Apartment Style | Low-Rise | Parking Ratio | 1.39/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | B | ||
| Sale Type | Investment |
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.58 AC |
| Building Size | 48,968 SF |
| No. Stories | 3 |
| Year Built | 2016 |
| Parking Ratio | 1.39/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Range
SITE AMENITIES
- Clubhouse
- Gated
- Dry Cleaning Service
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 53 | - | 650 |
| 2+1 | 17 | - | 854 |
PROPERTY TAXES
| Parcel Number | 124-20-0-12-02-001.05 | Improvements Assessment | $705,433 |
| Land Assessment | $19,677 | Total Assessment | $725,110 |
PROPERTY TAXES
Parcel Number
124-20-0-12-02-001.05
Land Assessment
$19,677
Improvements Assessment
$705,433
Total Assessment
$725,110
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