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Lux off Riverwalk 425 W Taft St 80 Unit Apartment Building For Sale Wichita, KS 67213
Investment Highlights
- Riverfront location adjacent to the Delano Riverwalk District.
- Diverse unit mix featuring 24 studios and 56 one-bedroom residences.
- Direct access to downtown Wichita, Delano, and the Arkansas River pathway system.
- More than $3 million in property improvements completed since 2022.
- 100% occupied community with on-site management infrastructure.
- Amenities include enclosed parking, pet park, gazebo, and renovated laundry facilities.
Executive Summary
Lux Off Riverwalk is an 80-unit multifamily community positioned along the Arkansas River in Wichita’s Delano Riverwalk District. The property consists of 24 studio apartments and 56 one-bedroom residences across three buildings, offering investors a stabilized asset with a distinctive architectural identity and a location that connects residents to downtown Wichita, the Delano Entertainment District, Riverside amenities, and major employment centers. The community benefits from direct access to the Arkansas River pathway system, nearby retail and dining destinations, and convenient connections to Kellogg Avenue (US-54), one of Wichita’s primary transportation corridors.
The asset has undergone more than $3 million in capital improvements since 2022, including extensive interior renovations, replacement roofing, upgraded mechanical systems, electrical improvements, modernized common areas, enhanced security features, and exterior property upgrades. Unit interiors feature renovated kitchens and bathrooms, updated flooring, contemporary finishes, and stainless-steel appliance packages. Additional property amenities include enclosed parking, door-side parking, a riverside gazebo with grilling areas, a fenced pet park, renovated laundry facilities, and on-site management infrastructure.
The surrounding Delano and downtown districts continue to benefit from ongoing public and private investment, including major mixed-use, hospitality, residential, and institutional development projects. These nearby investments support long-term neighborhood vitality while enhancing the property's appeal to residents seeking walkable access to employment, entertainment, recreation, and cultural destinations. With 100% occupancy, a renovated physical plant, and a highly recognizable riverside setting, Lux Off Riverwalk offers investors the opportunity to acquire a well-maintained multifamily asset in one of Wichita’s most established urban residential locations.
The asset has undergone more than $3 million in capital improvements since 2022, including extensive interior renovations, replacement roofing, upgraded mechanical systems, electrical improvements, modernized common areas, enhanced security features, and exterior property upgrades. Unit interiors feature renovated kitchens and bathrooms, updated flooring, contemporary finishes, and stainless-steel appliance packages. Additional property amenities include enclosed parking, door-side parking, a riverside gazebo with grilling areas, a fenced pet park, renovated laundry facilities, and on-site management infrastructure.
The surrounding Delano and downtown districts continue to benefit from ongoing public and private investment, including major mixed-use, hospitality, residential, and institutional development projects. These nearby investments support long-term neighborhood vitality while enhancing the property's appeal to residents seeking walkable access to employment, entertainment, recreation, and cultural destinations. With 100% occupancy, a renovated physical plant, and a highly recognizable riverside setting, Lux Off Riverwalk offers investors the opportunity to acquire a well-maintained multifamily asset in one of Wichita’s most established urban residential locations.
Property Facts
| Sale Type | Investment | Lot Size | 0.69 AC |
| No. Units | 80 | Building Size | 41,832 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2022 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Zoning | LC | ||
| Sale Type | Investment |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 41,832 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2022 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | LC |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Waterfront
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | 440 |
| 1+1 | 56 | - | 485 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 129-29-0-24-02-002.00 | Improvements Assessment | $205,961 CAD |
| Land Assessment | $8,405 CAD | Total Assessment | $214,366 CAD |
Property Taxes
Parcel Number
129-29-0-24-02-002.00
Land Assessment
$8,405 CAD
Improvements Assessment
$205,961 CAD
Total Assessment
$214,366 CAD
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Lux off Riverwalk | 425 W Taft St
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