Country Walk 340 E Rock Road Ct Immeuble residentiel 68 lots À vendre Mulvane, KS 67110

CBRE is pleased to present for sale, Country Walk Apartments & Townhomes, a 68-unit community in Mulvane, KS, featuring a mix of apartments and townhomes. Ideally situated next to US 15 and Interstate 35, residents benefit from easy access to Wichita’s key attractions and major employers. Built in 1999, Country Walk offers a variety of apartments and townhomes, ranging from 720 to 1,060 sqft, each equipped with full-size washer/dryer connections and spacious layouts. The current owner has upgraded select units with modern black appliances, LVP flooring, formica countertops, and contemporary bathroom vanities. With a strong occupancy history of 95% or higher, Country Walk presents a new owner with an opportunity to operate from a position of strength, bolstered by the robust in place cash flow the property is currently generating.
Mulvane, situated just south of Wichita, has experienced notable population growth of 3% year-over-year and a total increase of 13.41% since 2020, as reported by the US Census. With a median household income of $90,650 within a mile of the property, Country Walk presents strong investment fundamentals. Given the growing population and higher than average median income, Country Walk is strategically positioned to continue thriving in the Mulvane submarket.
The property is being sold unpriced, subject to an existing $3,666,920 Freddie Mac loan (3.65% rate, amortizing, maturing in 2042) or free & clear.
Property Highlights
• Attractive assumable Freddie Mac Loan (3.65% rate,amortizing, 2042 maturity)
• High-demand community with occupancy levels at or near 95% historically
• In-place rents represent only 11% of the area’s median household income within a mile radius, indicating strong potential for continued organic rent growth
• Full-size washer/dryer connections offered in every unit
• Recent CapEx items include new roofs within the past 10 years and the parking lot re-surfaced/re-striped in 2023
Location Highlights
• Country Walk is one of just two market-rate communities in Mulvane, with no supply planned in the near term
• Strategically situated near the confluence of US 54 and I-135, offering tenants a convenient and efficient route to all areas of Wichita
• Major nearby employer’s include Spirit Aerosystems (9,500 Employees), McConnell Air Force Base (17,000 Employees), & Textron Aviation (9,000 Employees).
• Housing prices in Mulvane have increased by 13.2% yearover- year, with a median sale price of $237,629 – projecting a $2,000+ mortgage payment
Confidentiality Agreement
https://www.cbredealflow.com/buyer/agreement?pv=Teg2uRGGUGn3myndHHrWTupovFLYrznzVhCDYWs0cKmURcvT6-dt2r5dx89rn3Tc
Landing Page
https://www.cbredealflow.com/handler/modern.aspx?pv=Teg2uRGGUGn3myndHHrWTupovFLYrznzVhCDYWs0cKndAb7wKJ9mTSueLCG-mdzCK93DDSgLDvlHN4WRuLl5ZQ