224 Central Ave Andover, KS 67002-8580
This exceptional 40,000 square foot (40,360 total square feet) residential treatment facility is situated in the thriving Andover community, a suburb of Wichita, Kansas. Conveniently located just 20 minutes from Wichita Dwight D. Eisenhower National Airport and 2 miles from Andover's Kansas Medical Center Hospital, this property offers unparalleled accessibility. The "H"-shaped building comprises four distinct wings, each equipped with its own kitchen and dining area. Common areas, including a therapy area and activity room, are located in the basement (6,186 square feet) and on the second floor. Extensive amenities include a 43-space paved parking lot, paved walkways, a courtyard, and attractive landscaping. The building boasts a hip composition roof, brick veneer siding, and a sprinkler system. Interior features are equally impressive, encompassing a spacious lobby, 11 offices, 60 units/rooms, 65 restrooms, a salon, four dining rooms, two nurses' stations, multiple laundry hookups, ample storage, a gym, a commercial kitchen, numerous lounge areas, dedicated medication rooms, a walk-out basement, and a convenient elevator. Modern technological infrastructure is in place, including Cox internet fiber, a VOIP phone system with ANAYA overhead paging, Ethernet wiring, and a backup generator. Safety features include fire and smoke detectors, and the building benefits from individually controlled HVAC systems. This turnkey operation presents a unique investment opportunity in a high-demand sector within a desirable location.
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RODNEY K BRYANT Geriatric Care Provider
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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