New ListingExcellent opportunity to acquire a 24-unit apartment complex consisting of four well-maintained 6-unit buildings located in the highly desirable Hutchinson Medical Corridor, offering strong rental demand driven by nearby healthcare employment and services. Each building features a well-balanced unit mix of two spacious 3-bedroom units and four 2-bedroom units, appealing to a wide range of tenants and supporting long-term occupancy. The property is 100% leased, providing investors with immediate and stable cash flow from day one. Ownership has taken great care in maintaining the property, with major exterior improvements including newer roofs, siding, and windows, along with updated concrete parking areas. Tenants also benefit from covered parking, an attractive amenity that enhances tenant retention and property value. With its prime location, strong occupancy, and proven rental history, this multi family property represents an ideal turnkey investment opportunity for investors seeking dependable income in one of Hutchinson's most desirable rental areas.
| MLS # | 681599 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 2 |
| Listing Provided By | Berkshire Hathaway PenFed Realty | Shane Pullman |
| SQ Feet | 22,304 |
|---|---|
| Units | 24 |
| Acreage | 61420.00 |
| Flooring | Other |
|---|
| Parking Features | 2 per Unit, On Street, Off Street |
|---|
| Property | 35868 |
|---|
| State | KS |
|---|---|
| County | Reno |
| City | Hutchinson |
| Zip Code | 67502 |
| School District | SCKMLS |
| School District | Buhler |
| Elementary School | Union Valley |
| High School | Buhler |
| Listing VS Median (in 67502) | |
Price: $2,750,000 low | high Med: $286,900 sqft: 22,304 low | high Med: 1,456 $ / sqft: $123 low | high Med: $197 On site: 2 low | high Med: 86 | |
| State | KS |
|---|---|
| County | Reno |
| City | Hutchinson |
| Zip Code | 67502 |
| School District | SCKMLS |
| School District | Buhler |
| Elementary School | Union Valley |
| High School | Buhler |
| Listing VS Median (in 67502) | |
Price: $2,750,000 low | high Med: $286,900 sqft: 22,304 low | high Med: 1,456 $ / sqft: $123 low | high Med: $197 On site: 2 low | high Med: 86 | |