Harvester Lofts

355 North Rock Island Street, Wichita, KS 67202
Status: Available
Year Built: 1920/2004
Price: UNRPRICED OFFERING
For more information please contact:
jeff@lihtcadvisors.com
# of Units: 48
# of Buildings: 1
# of Stories: 4
Rentable SF: 44,669
Lot Size: 0.56 Acres

Highlights:

  • A 48-Unit LIHTC Property with 18 of the Units being Unrestricted
  • Mixed Rate Property Located in the Heart of Downtown Wichita, within Walking Distance to Restaurants, Entertainment, and Public Transportation
  • Wichita is One of the Main Centers of Aircraft Manufacturing in the Country
  • Wichita State University, with an Enrollment of Around 15,000, is Located Just Over 3 Miles from the Property

Description:

Harvester Lofts is a 48-unit apartment community located in Old Town, a district in downtown Wichita, KS. The historic building was built in 1920 and has been renovated into residential loft apartments. The property faces Old Town Square, a bustling shopping and entertainment district, and is steps away from movies, dining, shopping and more.

Unique one and two bedroom apartments include washer and dryer connections, fully equipped kitchens, brick accent walls, controlled access and more. Underground parking is also available.

Harvester Lofts was rehabbed and placed in service in 2004 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which requires at least 30 units to be rented to income qualifying residents earning no more than 50% & 60% of Area Median Income (AMI) limits, which are provided by the Kansas Department of Commerce & Housing. The remaining units are unrestricted. The property is beyond its initial tax credit compliance period.

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