- Picturesque Age Restricted Community w/ Robust Amenity Package
- Demand For Age Restricted Housing Outweighs Supply In Wichita Metro
- Significant Opportunity To Capture $100+/Unit In Rent Premiums
- Well Positioned For Value-Add Implementation & Cosmetic Upgrades
- Exceedingly Well-Maintained W/Strong, In-Place Operations
- Skyrocketing Demand For Affordable Age Restricted Communities
- Offered Free And Clear Of Existing Debt
Charming Location & Incredibly Robust Amenity Package
Situated on a private, 22-acre fishing lake, Twin Lakes offers an incredibly robust and exceedingly rare amenity package for seniors to enjoy. With five sparkling pools boasting views of the lake, multiple walking trails, and a full fitness and community center, residents are surrounded by nature on all sides. From walks around the lake, to fun-filled pontoon rides, Twin Lakes has everything you need for an incredibly active, adventurous lifestyle.
Age Restricted Housing Demand Outweighs Current Supply in Wichita Metro
Research shows that in recent years, the population of senior citizens has expanded significantly. Accordingly, the number of individuals in the 55+ age range (the targeted renter demographic) has also increased. Currently, the Wichita Metro only has 9 existing age-restriced properties over the 100-unit threshold totaling just under 1,200 units (including Twin Lakes).
Furthermore, Wichita only has 3 market-rate senior properties in the entire metro with one additional development totaling 300 units set to be delivered in Q4 2022. With a 55+ population of approximately 175,882*, the demand outweighs the supply of age-restricted housing.
Opportunity to Capture 100+/Unit in Rent Premiums w/Moderate Cosmetic Upgrades
With 100% original, vintage interior finishes, Twin Lakes is primed for an outstanding opportunity to achieve rent upside of $100+ per unit monthly with moderate interior upgrades.
Upon completion of moderate cosmetic upgrades including kitchen countertop and backsplash areas, cabinet pulls, plank flooring, updated fixtures and lighting packages, new ownership will have the remarkable opportunity to significantly push gross annual rental income by ~$365,000!