Multiple Properties In Same Neighborhood Bel Aire, KS 67220

Property Details for 0 Multiple Properties In Same Neighborhood

Year built

2024

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of 40 newly constructed duplex buildings, totaling 80 units, located in the desirable Bel Aire, Kansas, zip code 67220. Each duplex features three bedrooms and two bathrooms, spanning 1265 square feet per side. Construction is underway, with delivery scheduled between March and December 2024. The properties are situated in a strong school district and enjoy convenient proximity to Koch Industries and other major employers, ensuring high occupancy rates. Current market rents exceed $1550 per side, with two pre-leases already secured. This offering provides flexibility: acquire a smaller portfolio of five buildings (ten units) for $1,725,000, or purchase the entire 40-building, 80-unit portfolio. For the larger portfolio, the seller will contract now, with closings staggered over the next year, approximately five duplexes (ten units) per month, following Certificate of Occupancy issuance. This is a rare chance to acquire a substantial, high-yield multifamily investment in a prime Kansas location. The properties are situated in Sedgwick County. Detailed financial information is available upon request.

Location Insight

City

Bel Aire

County

Sedgwick

State

Kansas

Longitude

-97.2689

Latitude

37.7814