- Extremely Attractive Going-In Basis
- Value-Add Opportunity
- Strategically Located with Strong Connectivity
- All Classic Units – Significant Upside Potential
- Flexible Capitalization – Offered Free and Clear or with Assumable Debt
Extremely Attractive Going-In Basis
Lodge West is being offered at a basis in the low $40k’s/unit—positioning this opportunity well below replacement cost and recent trades in the Wichita market. Even after a projected $10k/unit in value-add upgrades, investors remain all-in at a basis in the low $50k’s/unit, which provides a comfortable margin in comparison to previous trades in Wichita KS.
Value-Add Opportunity
Lodge West offers an open runway for a comprehensive renovation strategy. Investors can modernize unit interiors to capture meaningful rent premiums, and stabilize operations while repositioning the asset, benefiting from a highly favorable entry price.
Strategically Located with Strong Connectivity
Situated along West Kellogg Drive with immediate access to US-54 and I-235, the property connects residents to all parts of Wichita in minutes. Nearby institutions such as Friends University, Newman University, and Wichita Dwight Eisenhower National Airport anchor the tenant base and offer consistent demand drivers year-round.
