Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#7271 +post_id: "53544" +post_author: 1 +"ListingKey": "PRA54353" +"ListingId": "54353" +"PropertyType": "Residential Income" +"PropertySubType": "5 Family or More" +"StandardStatus": "Active" +"ModificationTimestamp": "2026-03-21T06:01:24Z" +"RFModificationTimestamp": "2026-03-21T06:04:12Z" +"ListPrice": 3300000.0 +"BathroomsTotalInteger": 36.0 +"BathroomsHalf": 0 +"BedroomsTotal": 54.0 +"LotSizeArea": 0 +"LivingArea": 24408.0 +"BuildingAreaTotal": 0 +"City": "South Hutchinson" +"PostalCode": "67505" +"UnparsedAddress": "103 E 7th Ave, South Hutchinson, Kansas 67505" +"Coordinates": array:2 [ 0 => -97.938408 1 => 38.036036 ] +"Latitude": 38.036036 +"Longitude": -97.938408 +"YearBuilt": 1967 +"InternetAddressDisplayYN": true +"FeedTypes": "IDX" +"ListOfficeName": "Berkshire Hathaway PenFed Realty" +"ListAgentMlsId": "423012159" +"ListOfficeMlsId": "47" +"OriginatingSystemName": "MKMLS" +"PublicRemarks": "Exceptional opportunity to acquire a turnkey 36-unit apartment complex in South Hutchinson, Kansas, offering strong rental performance and consistent income history. Ideally located near major area employers, the property benefits from stable tenant demand and convenient access to employment centers, shopping, and services. The complex features spacious unit layouts larger than many competing properties in the area, creating strong tenant appeal and retention. Ownership has completed numerous exterior improvements including a newer roof, replacement siding, and concrete parking areas, helping reduce future capital expenses. A standout amenity is the brand-new in-ground swimming pool, providing an attractive feature for tenants and enhancing the property’s overall desirability. Operationally efficient, each pair of units on a single floor shares an HVAC system and water heater, helping simplify maintenance and mechanical servicing. The property also includes a clubhouse building that present s additional upside potential, offering the opportunity to remodel the space into a tenant amenity area such as a fitness room or community lounge, or convert it into an additional two-bedroom unit to further increase rental income. With its solid rental history, recent improvements, large unit sizes, and value-add potential, this property represents an excellent investment opportunity for both immediate cash flow and long-term appreciation." +"AboveGradeFinishedAreaSource": "CH" +"Appliances": "Disposal,Electric Oven,Refrigerator,Smoke/Heat/CoDetector" +"ArchitecturalStyle": "Two or More Stories" +"AssociationAmenities": array:4 [ 0 => "Community Center" 1 => "In Ground Pool" 2 => "Underground Sprinkler-ALL" 3 => "Additional Buildings" ] +"Basement": array:4 [ 0 => "Entrance-EXTERIOR" 1 => "Finished" 2 => "Poured Concrete" 3 => "View Out" ] +"BelowGradeFinishedAreaSource": "CH" +"ConstructionMaterials": array:3 [ 0 => "Brick" 1 => "Frame" 2 => "Vinyl Siding" ] +"Cooling": "Electric" +"CountyOrParish": "Reno" +"CreationDate": "2026-03-20T23:09:57.682380+00:00" +"Disclosures": array:1 [ 0 => "No" ] +"DocumentsChangeTimestamp": "2026-03-20T23:06:22Z" +"Electric": array:3 [ 0 => "Available" 1 => "Separate Meters" 2 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Overview
- 5 Family or More, Residential Income
- 28
- 24
- 1987
Description
Excellent opportunity to acquire a 12-unit apartment complex consisting of two 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 has two vacant units in the process of being 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 multifamily property represents an ideal turnkey investment opportunity for investors seeking dependable income in one of Hutchinson’s most desirable rental areas. General Partner of the selling entity is a licensed real estate broker in the State of Kansas.
Address
Open on Google Maps-
Address: 1704 E 24th Ave
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City: Hutchinson
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Zip/Postal Code: 67502
Details
Updated on March 21, 2026 at 6:01 am-
Property ID HZ54351
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Price $1,500,000
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Bedrooms 28
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Bathrooms 24
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Garage Size x x
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Year Built 1987
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Property Type 5 Family or More, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash, Conventional
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Roof Composition, Shingle
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Sewer Public Sewer, Meter-MASTER
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Cooling Electric
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Heating Electric
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County Reno
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Property Type Residential Income
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Parking Paved, Carport, On Street
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Elementary School Union Valley
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Middle School Hutchinson
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High School Hutchinson
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Architectural Style Two or More Stories
Mortgage Calculator
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