Investment Overview
The WSU Single Family Portfolio consists of 22 single-family rental homes plus two vacant lots strategically clustered near Wichita State University and directly adjacent to the Wichita State Innovation Campus. The portfolio offers strong in-place income with gross potential income of approximately $23,000 per month while providing long-term redevelopment optionality due to contiguous ownership. The vacant lots and assemblage scale create future upside for higher-density residential or mixed-use development, subject to zoning and approvals.
Investment Highlights
- 22-Unit Single Family Home Portfolio
- Strategically clustered portfolio allowing for efficient operations or potential development opportunity
- Great location next to Wichita State University and directly adjacent to the Wichita State Innovation Campus
- 2 vacant lots included allowing for future development opportunities
- Gross Potential Income of $23,000 +/- month on existing 22-units
- Purchase Price - $2,375,000