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Heather Stewart

[email protected] +1(316) 204-3645

Listed by Jemmima Wanjau • Jemmima International Realty, LLC

$ 4,900,000

Est. payment -/mo

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Price Dropped by $100K

3000 W Kellogg Dr Wichita, KS 67213

18,824 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment Complex

Listing Status Active

Purchase Type For Sale

Square Footage 18,824 sqft

Price per Sqft $260

MLS Listing ID SCK649677

Style High Rise

Total Fin. Sqft 18824

Originating Board sckansas

Year Built 1963

Annual Tax Amount $6,301

Tax Year 2024

Lot Dimensions 82497

Property Sub-Type Apartment Complex

Property Description

***Price Improved***Exclusive Investment Opportunity – Lofts by Viewpoint on W Kellogg, Wichita, KS Lofts by Viewpoint represents a rare opportunity to acquire a newly renovated, income-generating property in one of Wichita's most sought-after locations. This exceptional investment has been reimagined from a former office building into 27 luxurious apartment units, offering superior quality and modern design. Fully upgraded and compliant with the latest building codes as of November, this asset is both turnkey and poised for immediate profitability. The property is ready to generate immediate income from day one, with no further capital required. Comprehensive renovations have included the installation of new electrical, plumbing, HVAC systems, and fire and sprinkler systems, ensuring that it is both safe and efficient. High-end interior finishes, including granite countertops, soft-close luxury cabinetry, LVP flooring, and LED ceiling fans, provide an elevated living experience that will appeal to tenants. Additionally, the property offers supplemental income potential with 8 washers and dryers on-site, generating additional revenue and enhancing tenant satisfaction. Its prime location near Newman University and Friends University ensures consistent demand from students, faculty, and professionals. This strategic investment offers outstanding returns, with a cap rate that provides lower risk and more stable profits. Lofts by Viewpoint provides a robust, low-maintenance asset with substantial income potential, driven by its modern amenities and exceptional tenant appeal. This is an opportunity to secure long-term wealth in a market with sustained demand. Lofts by Viewpoint offers a unique opportunity for the discerning investor seeking to expand their portfolio with a high-quality asset that promises both immediate returns and long-term value. Let us assist you in making this premier property part of your distinguished portfolio.

Location

State KS

County Sedgwick

Direction US-400 W/US-54 W ,Take the Meridian Ave exit toward Edwards St, Keep right at the fork, follow signs for Edwards and merge onto S Edwards Ave/Edwards Ct, Turn left onto W Univ Ave/W University St, Turn left onto S St Paul St, Turn right onto W Taft Ave, Turn left onto S Sheridan St and destination will be on the left.

Rooms

Basement Lower Level

Interior

Heating Forced Air

Cooling Central Electric

Fireplace No

Appliance Dishwasher, Disposal, Range/Oven, Refrigerator, Washer, Dryer

Heat Source Forced Air

Exterior

Garage Description More than 2 per Unit, Paved

Utilities Available Gas, Public Water, Sewer Available

View Y/N Yes

Roof Type Other - See Remarks

Total Parking Spaces 40

Building

Unit Features [{\"UnitTypeActualRent\":895,\"UnitTypeBedsTotal\":18,\"UnitTypeType\":\"Unit 1\",\"UnitTypeKey\":\"SCK649677Group_1\"},{\"UnitTypeActualRent\":1295,\"UnitTypeBedsTotal\":5,\"UnitTypeType\":\"Unit 2\",\"UnitTypeKey\":\"SCK649677Group_2\"}]

Architectural Style High Rise

Structure Type Brick Full,Other - See Remarks

Schools

Elementary Schools Lawrence

Middle Schools Marshall

High Schools West

School District Wichita School District (Usd 259)

Others

Security Features Burglar Alarm,Central Laundry,Exercise Room,Fire Alarm,Fire Escape,Fire Sprinkler System,Smoke Detector(s)

Financing None

Heather Stewart

Agent | License ID: SP00049463

+1(316) 204-3645

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Wichita, KS

Heather Stewart

3000 W Kellogg Dr Wichita, KS 67213

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3000 W Kellogg Dr

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