Westlink Village_Property for Sale
Westlink Village_Property for Sale
505 N Tyler Rd, Wichita, KS, 67212-3676, US

Westlink Village

Asset Description


Jones Lang LaSalle (“JLL”) is pleased to present Westlink Village Apartments, a 240-home garden-style apartment community located in bustling Wichita, Kansas. Built in 1983, the community offers desirable floor plans and ample amenity space prime for a programmatic renovation plan to take this asset into its next chapter. The property offers an investor the opportunity to continue a verifiable value-add strategy while enjoying continuous organic revenue growth with an immediate footprint in the undersupplied West Wichita submarket. Just 15 minutes west of downtown Wichita, the properties strategic location adjacent to I-235 & the Dwight D. Eisenhower National Airport provides residents with access to top employers, restaurants, New Market Square shopping center, and recreation destinations. The property attracts residents who seek to take advantage of the best of both city and suburban life. Westlink Village presents investors with an exceptional opportunity to acquire a high quality asset with proven value-add upside in a fundamentally strong market. This rare investment opportunity is also available all cash.

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Attributes

Number of units
240 units
Occupancy
92.00%
Year built
1983
Building area Net
18,621 m²

Media

Investment Highlights


Proven Value-Add Potential

  • 3 Fully Renovated Units Achieving $75+ Premiums


Room to Push Rents

  • 10% rent to average income ratio


Muted Future Supply Pipeline

  • ZERO Properties under construction within a 3-mile radius


Excellent Accessibility

  • Easy access to Kellogg Hwy, I-235, & Dwight D. Eisenhower Airport


Proximity to Vibrant Downtown Wichita

  • 15-minute drive from Downtown Wichita, the largest city in Kansas


Exceptional Employers

  • Known as the “Air Capital of the World,” Wichita fosters a robust manufacturing industry, primarily related to aviation 
Westlink Village 4_Property for Sale
Westlink Village 4_Property for Sale

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Last updated
23 Mar 2023