Delano District

A trendy, revitalizing district west of downtown with refurbished buildings, shops, and restaurants, drawing young professionals to duplexes and townhomes with restoration-to-rental upside.

Older stock with renovation scope; the thesis leans on continued revitalization. Verify STR rules; underwrite renovation. Kansas sits in Tornado Alley - budget for wind/hail insurance and periodic roof claims. Offsetting this: Wichita is one of the most affordable, stable rental markets in the country.

Appreciation and value-add investors who want a walkable, ascendant near-downtown district.