1650 Georgetown St Wichita, KS 67218-4127
Property profile & analytics
1650 Georgetown St Wichita, KS 67218-4127
- Garden apartment buildings
- 12,800 SF
- 0.70 lot acres
Property ID
US33-0750197
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bush Security & Body Guard Services / Security Service
- Knabe Tax & Accounting Group / Tax Preparation
Property Details for 1650 Georgetown St
- Year built
- 1984
- Construction
- FRAME
- Lot size
- 0.70 lot acres
- Property size
- 12,800 SF
- Property type
- Garden apartment buildings
- APN
- 087-127-35-0-12-01-003.00
- APU
- 87127350120100300
Description
This exceptional 16-unit senior apartment building presents a lucrative investment opportunity in Wichita, Kansas. Located at 1650 S Georgetown St, this property boasts 12,800 square feet and sits within the LC zoning district. Constructed in 1984 and extensively renovated in 2021, the building is in excellent condition. The unit mix includes four one-bedroom and twelve two-bedroom apartments, all fully furnished. Residents enjoy the convenience of an all-bills-paid arrangement, adding to the property's appeal. Further enhancing the resident experience are carports, an elevator, a gated community for added security, and optional storage units available at an additional cost. The suggested monthly lease rates are highly competitive, with one-bedroom units at $1,095 and two-bedroom units at $1,295. This property offers a strong cash flow potential, making it an ideal addition to any investment portfolio. The asking price for this turnkey operation is $1,900,000. Situated south of Harry on Georgetown Street in Sedgwick County, zip code 67218, this property benefits from a desirable location and strong rental demand within the senior living market. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving community.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,635,000
- 6.5%
- $1,510,000
- 7%
- $1,405,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,471,000
Market price range: $1.15M - $1.47M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,385,000 Current use
- RESTAURANT
- $1,545,000 Change: +12% Conversion: Difficult
- RETAIL STORES
- $1,405,000 Change: +1% Conversion: Difficult
- OFFICE BUILDING
- $1,255,000 Change: -9% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.2853
- Latitude
- 37.6632
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,707
$7,038
$113,632
$120,670
-
$61,200
$988,100
$1,049,300
