Listing provided courtesy of Berkshire Hathaway PenFed RealtyMLS# 659110MLS Provider
  • 341 days on site
  • 38 views

Financials available upon request. Exceptional Investment Opportunity – 16-Unit 55+ Community with Strong Demand Now is your chance to own a rare, turn-key 16-unit multifamily property in a thriving 55+ community, where a waiting list is standard for any available unit. This property has been thoughtfully designed and meticulously maintained, offering an unmatched combination of low-maintenance construction and long-term tenant appeal. Built with ICF (Insulated Concrete Forms) and smart siding, these units were engineered for maximum energy efficiency and minimal ongoing maintenance—a smart investment in both durability and sustainability. The property boasts fresh exterior paint and a modern aesthetic that reflects the high standards of the community. Each unit provides comfortable, senior-friendly living designed to meet the needs of today’s 55+ residents. The well-kept grounds and quiet atmosphere foster a true sense of community, while the constant demand ensures consistent occupancy and stable cash flow. Whether you're expanding your portfolio or entering the multifamily market, this fully occupied property is a rare find in a segment with growing demand. Don’t miss this opportunity to own a high-performing asset built to stand the test of time.

Source: Wichita MLS, MLS#: 659110

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  • Property Type
    Residential Income

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 201 E Karla Ave


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
8/28/2025Source: Wichita MLS Status Change
Active
8/13/2025Source: Wichita MLS Status Change
Pending
7/24/2025Source: Wichita MLS Added to Database
July 24, 2025