Woodland Apartments | 2804 E 9th Ave
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Woodland Apartments 2804 E 9th Ave
46 Unit Apartment Building $3,800,000 ($82,609/Unit) 7.80% Cap Rate Winfield, KS 67156
Investment Highlights
- 46-Unit Multifamily Property
- NOI (Proforma): $296,266
- Tenant pays gas and electric. Landlord pays trash and water
- Cap Rate: 7.80%
Executive Summary
Woodland Apartments offers 46 two and three-bedroom units. The original building was renovated in 2014 and the new building was constructed in 2015. The property has spacious units with high-end finishes, washer & dryer hook-ups, and all stainless-steel appliances. Woodland Apartments is located on the east side of Winfield along Hwy. 160 (9th Ave.)
Property Facts
| Price | $3,800,000 | Apartment Style | Low Rise |
| Price Per Unit | $82,609 | Building Class | C |
| Sale Type | Investment | Lot Size | 4.16 AC |
| Cap Rate | 7.80% | Building Size | 51,600 SF |
| No. Units | 46 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Price | $3,800,000 |
| Price Per Unit | $82,609 |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 4.16 AC |
| Building Size | 51,600 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 1.92/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 27 | - | - |
| 3+1 | 2 | - | - |
| 3+2 | 17 | - | - |
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PROPERTY TAXES
| Parcel Number | 176-23-0-30-01-012.00-0 | Improvements Assessment | $272,214 |
| Land Assessment | $9,363 | Total Assessment | $281,577 |
PROPERTY TAXES
Parcel Number
176-23-0-30-01-012.00-0
Land Assessment
$9,363
Improvements Assessment
$272,214
Total Assessment
$281,577
zoning
| Zoning Code | RIB |
| RIB |
-
Trent Garman -
Jeff Englert -
Nathan Farha, CCIM -
NAI Martens
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Woodland Apartments | 2804 E 9th Ave
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