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Auction #543

94 Unit Apartment Building - Wichita, KS

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  • Auction #
    543
  • Interior Space:
    ± 47,752 SF
  • Lot Size:
    ±9,090 SF
  • Transaction Fee:
    3% (Min US $25,000) (Min $25,000)

94 Unit Apartment Building - Wichita, KS

Hospitality/Residential Property For Sale in Wichita, KS

222 E Elm Street, Wichita, KS 67214

FRE and Coldwell Banker are pleased to present the Online Auction for the rare chance to revitalize a 94-unit historic apartment building in Wichita, KS.

Property Highlights:

  • Historic nine-story building originally designed by Nelle Elizabeth Peters one of the region’s pioneering female architects
  • Total SF: 47,752
  • Well performing multifamily market (sub 7% vacancy rate) with rent growth of 2+% YoY
  • Prime downtown location within close distance of Intrust Bank Arena, Central Riverside Park, and convention center
  • Within 15 minutes of major employers, including Spirit AeroSystems, Koch Industries, and Textron Aviation
  • Downtown Wichita: Downtown Wichita serves as the region’s commercial, entertainment, artistic, cultural, and governmental center. INTRUST Bank Arena anchors downtown, serving as a catalyst for commercial and recreational activity. Also drawing people to Greater Wichita is Wichita State University (WSU). The public university serves more than 16k students. WSU also drives significant apartment demand in the area, with 90% of the student population living in off-campus housing. Project Downtown, The Master Plan for Wichita is a 15-year community vision and blueprint for growth that was implemented in December 2010. Since its inception, nearly $1 Billion worth of Public and Private investment has been poured into the core of the city bringing some incredible projects coming to fruition in Downtown Wichita
  • Downloadable Documents

    Property Information

    Auction Information

    Property Viewing

    If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

    If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

    Start Temporary Access Agreement

    Financing

    There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.

    If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.

    For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

    Broker of Record for this property: Coldwell Banker Commercial Select, KS

    All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

    We have reached our bid deadline and the seller is reviewing the bids received. It’s not too late to submit your bid. Please immediately contact the Event Manager listed below if you wish to place a bid or would like additional information.

    Thank you bidders for participating in this auction. If you would like to be informed of future auctions like this one, Click Here to add a saved search.

    Search Auctions
    Patrick Kelleher Auction Specialist The Future of Real Estate (FRE) (949) 615-0047 pkelleher@fre.com
    Casey Litsey Property Representative Litsey Commercial Real Estate (918) 857-5961 casey@litseycre.com
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    Offers Under Review
    94 Unit Apartment Building - Wichita, KS
    Hospitality/Residential Property For Sale in Wichita, KS
    222 E Elm Street
    Wichita, KS 67214
    Search Auctions
    Auction # 543

    We have reached our bid deadline and the seller is reviewing the bids received. It’s not too late to submit your bid. Please immediately contact the Event Manager listed below if you wish to place a bid or would like additional information.

    Thank you bidders for participating in this auction. If you would like to be informed of future auctions like this one, Click Here to add a saved search.

    Property Details
    • Sedgwick County
      Wichita, KS
    • Property Type: Commercial Property
    • Interior Space: ± 47,752 SF
    • Lot Size: ±9,090 SF
    • Transaction Fee: 3% (Min US $25,000) (Min $25,000)

    FRE and Coldwell Banker are pleased to present the Online Auction for the rare chance to revitalize a 94-unit historic apartment building in Wichita, KS.

    Property Highlights:

  • Historic nine-story building originally designed by Nelle Elizabeth Peters one of the region’s pioneering female architects
  • Total SF: 47,752
  • Well performing multifamily market (sub 7% vacancy rate) with rent growth of 2+% YoY
  • Prime downtown location within close distance of Intrust Bank Arena, Central Riverside Park, and convention center
  • Within 15 minutes of major employers, including Spirit AeroSystems, Koch Industries, and Textron Aviation
  • Downtown Wichita: Downtown Wichita serves as the region’s commercial, entertainment, artistic, cultural, and governmental center. INTRUST Bank Arena anchors downtown, serving as a catalyst for commercial and recreational activity. Also drawing people to Greater Wichita is Wichita State University (WSU). The public university serves more than 16k students. WSU also drives significant apartment demand in the area, with 90% of the student population living in off-campus housing. Project Downtown, The Master Plan for Wichita is a 15-year community vision and blueprint for growth that was implemented in December 2010. Since its inception, nearly $1 Billion worth of Public and Private investment has been poured into the core of the city bringing some incredible projects coming to fruition in Downtown Wichita
  • Downloadable Documents
    Property Viewing

    Property Viewing

    If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

    If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

    Start Temporary Access Agreement
    Financing

    Financing

    There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.

    If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.

    For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

    Contact Us
    Patrick Kelleher Auction Specialist The Future of Real Estate (FRE) (949) 615-0047 E: pkelleher@fre.com
    Casey Litsey Property Representative Litsey Commercial Real Estate (918) 857-5961 E: casey@litseycre.com
    Broker of Record for this property: Coldwell Banker Commercial Select, KS

    All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

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