Lofts By Viewpoint

Highlights:

• Turnkey & Profitable: No further capital is required. This property is fully renovated and ready to generate immediate income.
• Comprehensive Renovation: Enjoy peace of mind with all-new electrical, plumbing, HVAC, and fire/sprinkler systems, all meticulously maintained and fully compliant with the latest building codes.
• Luxury Finishes: Premium interior finishes appeal to modern tenants, including granite countertops, soft-close luxury cabinetry, LVP flooring, and energy-efficient LED ceiling fans.
• Multiple Income Streams:
• On-site laundry: The eight washers and dryers provide supplemental income and enhance tenant satisfaction.
• Commercial development: The south corner of the property is a prime spot for a small commercial building, offering flexible space for retail or professional use to create additional revenue.
• Digital billboard: A digital billboard is currently in the works, located along the highly visible Kellogg Highway 54, offering another significant income stream.
• Prime Location: Situated near Newman University and Friends University, ensuring consistent demand from students, faculty, and professionals.
• Strategic & Stable: This is a low-risk investment offering exceptional returns with a strong cap rate.

Description:

Recently reimagined from a former office building, Lofts by Viewpoint offers 27 luxurious, fully renovated apartment units and two additional office spaces. With superior quality and modern design, these lofts were upgraded to the latest building codes as of November 2024, making this a truly turnkey asset poised for immediate profitability.

Situated off West Kellogg between Meridian & West, this property offers unparalleled visibility and convenient access to the city's key amenities. It is a short drive from Newman University and Friends University, ensuring consistent demand from a large population of students, faculty, and university staff. The location is a shopper's and diner's paradise, with close proximity to a wide range of national retailers, local restaurants, and entertainment options along the Kellogg corridor. It provides seamless connections to I-235, I-135, and the Kansas Turnpike, making for effortless commutes throughout the city and beyond. In addition, the property is a short drive from downtown Wichita and the Delano District, providing access to a vibrant community of shops, eateries, and attractions like Exploration Place, the Sedgwick County Zoo, and Botanica, The Wichita Gardens. Positioned on a high-traffic thoroughfare, this location offers exceptional visibility and exposure for any business or residential development.