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550 South Laclede Street
Wichita, KS 67213
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B
What's Special
550 S Laclede St. & 425 W Taft <ul><li>Iconic mid-century modern architecture, constructed in 1965</li><li>Design features include angled rooflines, and an elevated two story frame that gives the property a weightless elegance</li><li>40 total 1B/1B suites</li><li>Secured private entry with coded security gate</li><li>40 enclosed parking spaces inside the complex, beneath the apartment homes</li><li>On-site leasing office with full-time management and a maintenance workshop</li><li>Outdoor gazebo overlooking the river,
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
