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222 E Elm St
Wichita, KS 67214
94-Unit Apartment Building w City Views · Multifamily Property For Sale
·
103 Units
Investment Highlights
- 40 off-street parking spaces
- Hardwood floors & large windows throughout
- Strategic Location: Within 15 minutes of Spirit AeroSystems, Koch Industries, and Textron Aviation.
- Expansive city views
- High-Density Potential: 94-unit floorplan ideal for urban housing conversion.
- Located near Wichita State University (WSU), where 90% of the 16,000+ students live off-campus.
Executive Summary
FRE Auctions and Litsey Commercial Real Estate are pleased to present this Auction Plus opportunity (allows for contingencies) to revitalize this 94 unit historic asset.
This property is available via Online Auction at www.FRE.com/543D6 with a starting bid of $699,000.
This property is available via Online Auction at www.FRE.com/543D6 with a starting bid of $699,000.
Property Facts
| Price Per Unit | $9,232 CAD | Construction Status | Under Renovation |
| Sale Type | Investment | Building Size | 47,752 SF |
| No. Units | 103 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 9 |
| Property Subtype | Apartment | Year Built/Renovated | 1929/2026 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.84/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.21 AC | ||
| Zoning | GC - General Commercial | ||
| Price Per Unit | $9,232 CAD |
| Sale Type | Investment |
| No. Units | 103 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Construction Status | Under Renovation |
| Building Size | 47,752 SF |
| Average Occupancy | 0% |
| No. Stories | 9 |
| Year Built/Renovated | 1929/2026 |
| Parking Ratio | 0.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | GC - General Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Vintage Building
- Elevator
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 74 | - | 435 |
| 1+1 | 28 | - | 625 - 650 |
| 2+1 | 1 | - | 700 |
Property Taxes
| Parcel Number | 124-17-0-44-07-011.00 | Improvements Assessment | $204,434 CAD |
| Land Assessment | $3,552 CAD | Total Assessment | $207,986 CAD |
Property Taxes
Parcel Number
124-17-0-44-07-011.00
Land Assessment
$3,552 CAD
Improvements Assessment
$204,434 CAD
Total Assessment
$207,986 CAD
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