WICHITA — Daryl Crotts, who owns Crotts Commercial Real Estate, has purchased his first multifamily property.
Crotts has other types of commercial property as well but thought Kingsley Square Apartments was a good opportunity.
The 50-unit complex is at First and Joann streets, which is six blocks east of West Street and one block north of Douglas Avenue.
“It’s never been on the market,” Crotts says.
The owner built half the complex in 1978 and the other half in 1980.
“It was in really good condition. Well maintained,” Crotts says. “We were just glad to have the privilege to take over ownership.”
He’s open to buying other apartments as well.