Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#7301 +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
- 10
- 10
- 1986
Description
Excellent opportunity to acquire a fully leased 10-unit apartment complex in a premier location with close proximity to the Hutchinson medical corridor. This well-maintained property offers immediate cash flow with a strong, long-term rental history and consistent tenant demand. The property has been meticulously maintained, with numerous major improvements completed in recent years including new windows, siding, roof, and multiple mechanical system updates, helping minimize near-term capital expenditures for a new owner. Investors will appreciate the value-add potential, as cosmetic upgrades over time could support future rent increases and improved returns. A unique feature of the property is the six attached garage spaces with private exterior entrances, separate from the apartment units. These garages provide additional income through separate rental agreements, while tenants also contribute through a utility reimbursement structure, further supporting operational efficiency. With its prime location near major employers, stable occupancy, and additional revenue streams, this property presents a rare opportunity for both immediate income and long-term upside. Seller is a licensed real estate broker in the State of Kansas.
Address
Open on Google Maps-
Address: 1705 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 HZ54349
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Price $1,000,000
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Bedrooms 10
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Bathrooms 10
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Garage Size x x
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Year Built 1986
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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
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Sewer Public Sewer, Meter-MASTER
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Cooling Electric, Ceiling Fan(s)
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Heating Natural Gas
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County Reno
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Property Type Residential Income
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Parking Garage, On Street, Off 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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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Monthly HOA Fees