Download Offering Materials: Fox Run Apartments
Capstone is pleased to present Fox Run Apartments: a 336-unit garden-style multi-family community located in Wichita, Kansas. This offering provides an excellent opportunity to acquire a stabilized asset creating immediate scale in the market. Current ownership has attractive, assumable financing on the property, which offers the potential to achieve immediate double-digit Cash-on-Cash return. Long-term ownership and professional management has resulted in Fox Run being one of the most well-maintained properties in the submarket. With minimal deferred maintenance and a loaded amenity package, Fox Run is the ideal turn-key acquisition opportunity. Well positioned within 10 minutes of downtown Wichita, tenants enjoy the strategic location Fox Run has to offer. Wichita offers investors a strong ownership market with steady rent growth (6.2%), low unemployment (3.0%), strong economic development, and a growing population. Wichita is currently seeing a renaissance of its own with various major employers and entertainment venues. Three of Wichita’s top five employers are STEM-based industries comprised of Spirit AeroSystems, Inc., Textron Aviation, McConnell Air Force Base, Wichita Public Schools, and Ascension Via Christi Health, Inc.
Stabilized Property with Immediate Scale in Market
Attractive Assumable Financing (Immediate CoC)
Well-Maintained | Minimal Deferred Maintenance | Loaded Amenity Package
Strategic Location | Immediate Submarket (Employment, Demographics)