Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#7084 +post_id: "53559" +post_author: 1 +"ListingKey": "PRA54397" +"ListingId": "54397" +"PropertyType": "Residential Income" +"PropertySubType": "5 Family or More" +"StandardStatus": "Active" +"ModificationTimestamp": "2026-03-31T14:42:22Z" +"RFModificationTimestamp": "2026-03-31T14:46:30Z" +"ListPrice": 349900.0 +"BathroomsTotalInteger": 0 +"BathroomsHalf": 0 +"BedroomsTotal": 0 +"LotSizeArea": 0 +"LivingArea": 3410.0 +"BuildingAreaTotal": 0 +"City": "Hutchinson" +"PostalCode": "67501" +"UnparsedAddress": "400 E Sherman Ave, Hutchinson, Kansas 67501" +"Coordinates": array:2 [ 0 => -97.924199 1 => 38.05248 ] +"Latitude": 38.05248 +"Longitude": -97.924199 +"YearBuilt": 1900 +"InternetAddressDisplayYN": true +"FeedTypes": "IDX" +"ListOfficeName": "Coldwell Banker Americana, Realtors" +"ListAgentMlsId": "173" +"ListOfficeMlsId": "4" +"OriginatingSystemName": "MKMLS" +"PublicRemarks": "Turnkey 6-Unit Investment Opportunity – 10% Cap Rate – Hutchinson, KS. Exceptional opportunity to acquire a high-performing 6-unit multifamily property in the heart of Hutchinson. Located at 400 E. Sherman Ave, this asset delivers immediate cash flow with an attractive 10% cap rate, making it an ideal addition to any investor’s portfolio. The majority of units have been recently remodeled, offering updated interiors that appeal to today’s tenants while minimizing near-term maintenance costs. This positions the property for stable occupancy and continued rental demand. Situated on a desirable corner lot with convenient access to shopping, dining, and major roadways, the location supports consistent tenant retention and long-term growth. Investors will appreciate the strong in-place income along with additional upside through continued rent optimization. Whether you're scaling your portfolio or entering the multifamily space, this property checks the boxes for both cash flow and appreciation potential. Highlights: 10% Cap Rate 6 income-producing units Majority of units recently remodeled Strong, consistent rental demand Value-add potential through rent growth Centrally located with easy access to amenities Opportunities like this—offering both strong returns and improved condition—are increasingly hard to find. Don’t miss your chance to secure a cash-flowing asset in a stable Midwest market." +"AboveGradeFinishedAreaSource": "CH" +"Appliances": "Electric Oven,Refrigerator,Smoke/Heat/CoDetector" +"ArchitecturalStyle": "Two or More Stories" +"AssociationAmenities": array:1 [ 0 => "Porch" ] +"Basement": array:2 [ 0 => "Partial" 1 => "Entrance-EXTERIOR" ] +"BelowGradeFinishedAreaSource": "CH" +"ConstructionMaterials": array:1 [ 0 => "Frame" ] +"Cooling": "Electric,Ceiling Fan(s)" +"CountyOrParish": "Reno" +"CreationDate": "2026-03-27T14:44:38.993381+00:00" +"DocumentsChangeTimestamp": "2026-03-28T06:32:22Z" +"Electric": array:1 [ 0 => "Separate Meters" ] +"ElementarySchoolDistrict": "Mc Candless" +"Heating": "Natural Gas" +"RFTransactionType": "For Sale" +"InternetAutomatedValuationDisplayYN": true +"InternetConsumerCommentYN": true +"InternetEntireListingDisplayYN": true +"ListAgentDirectPhone": "620-663-8391" +"ListAgentEmail": "lorifrankrealtor@gmail.com" +"ListAgentFirstName": "LORI" +"ListAgentKey": "176" +"ListAgentLastName": "FRANK" +"ListAgentMiddleName": "J" +"ListAgentPreferredPhone": "620-664-2742" +"ListOfficeKey": "4" +"ListOfficePhone": "620-663-8391" +"ListingTerms": "Cash,Conventional" +"LotSizeDimensions": "0.17 acre" +"MLSAreaMajor": "Hutchinson SE" +"MlgCanUse": array:1 [ 0 => "IDX" ] +"MlgCanView": true +"MlsStatus": "Active" +"NumberOfUnitsTotal": "6" +"OriginalListPrice": 349900 +"OriginatingSystemModificationTimestamp": "2026-03-31T14:42:18Z" +"ParkingFeatures": "On Street" +"PhotosChangeTimestamp": "2026-03-27T16:50:22Z" +"PhotosCount": 20 +"Possession": array:1 [ 0 => "Closing" ] +"RentIncludes": array:4 [ 0 => "Lawn Service" 1 => "Snow Removal" 2 => "Trash Collection" 3 => "Water" ] +"Roof": "Composition" +"Sewer": "Public Sewer,Meter-MASTER" +"StateOrProvince": "KS" +"StatusChangeTimestamp": "2026-03-27T00:00:00Z" +"StreetDirPrefix": "E" +"StreetName": "Sherman Ave" +"StreetNumber": "400" +"TaxAnnualAmount": "3521.36" +"TaxYear": "2025" +"WaterSource": array:1 [ 0 => "Meter-MASTER" ] +"YearBuiltSource": "CH" +"PRA_LVTDate": "2026-03-27" +"PRA_AuctionYN": "No" +"PRA_Occupancy": "95% or Over Occupied" +"PRA_CentralAir": "Yes" +"PRA_NaturalGas": "Meter-SEPARATE,Tenant-Paid" +"PRA_SolidWaste": "576" +"PRA_VOWInclude": "Yes" +"PRA_CentralHeat": "Yes" +"PRA_TenancyType": "Mo-to-Mo (no written lse),One Year Lease" +"PRA_GeneralTaxes": "2945.36" +"PRA_SpecialTaxes": "0" +"PRA_StatusDetail": "0" +"PRA_Miscellaneous": "Outside Entry-COMMON,Outside Entry-PRIVATE" +"PRA_TitleEvidence": "Title Policy" +"PRA_ApproximateAge": "81+ Years" +"PRA_TransactionType": "For Sale" +"PRA_GrossRentPerSqFt": "1.02" +"PRA_GarageCarportSpaces": "0" +"PRA_ListMainOfficeMlsId": "4" +"PRA_BasementStormShelter": "Yes" +"PRA_FloodInsuranceRequired": "No" +"PRA_IndividualUnitFeatures": "Family Room,Flooring-LAMINATE,Kitchen/Dining Combo" +"PRA_LeasingDocumentsOnFile": "Rent Roll" +"PRA_CurrentMonthlyGrossRent": "3475" +"@odata.id": "https://api.realtyfeed.com/realtyfeed/odata/Property('PRA54397')" +"provider_name": "MKMLS" +"Media": array:20 [ 0 => array:12 [ "Order" => 0 "MediaKey" => "PRA638674" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/aab030937139a59f51fb6982bade6d22.webp" "MediaSize" => 1159060 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-aab030937139a59f51fb6982bade6d22.webp" "ImageWidth" => 3072 "ImageHeight" => 1729 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "3072x1729" "MediaModificationTimestamp" => "2026-03-27T16:49:24.194Z" ] 1 => array:12 [ "Order" => 1 "MediaKey" => "PRA638656" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/79cf0c6f37749e3108f5d9baaf1b347d.webp" "MediaSize" => 716690 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-79cf0c6f37749e3108f5d9baaf1b347d.webp" "ImageWidth" => 3072 "ImageHeight" => 1729 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "3072x1729" "MediaModificationTimestamp" => "2026-03-27T16:49:24.233Z" ] 2 => array:12 [ "Order" => 2 "MediaKey" => "PRA638657" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/895567bc2f3d278be69c9b9ba0c4af2b.webp" "MediaSize" => 625162 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-895567bc2f3d278be69c9b9ba0c4af2b.webp" "ImageWidth" => 3072 "ImageHeight" => 1729 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "3072x1729" "MediaModificationTimestamp" => "2026-03-27T16:49:24.134Z" ] 3 => array:12 [ "Order" => 3 "MediaKey" => "PRA638658" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/f741092385f1129f43442e52c67edb8d.webp" "MediaSize" => 398227 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-f741092385f1129f43442e52c67edb8d.webp" "ImageWidth" => 3072 "ImageHeight" => 1729 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "3072x1729" "MediaModificationTimestamp" => "2026-03-27T16:49:24.098Z" ] 4 => array:12 [ "Order" => 4 "MediaKey" => "PRA638659" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/f0f15d92e2fa62c16e3c330a4f0885d5.webp" "MediaSize" => 678055 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-f0f15d92e2fa62c16e3c330a4f0885d5.webp" "ImageWidth" => 3072 "ImageHeight" => 1729 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "3072x1729" "MediaModificationTimestamp" => "2026-03-27T16:49:24.131Z" ] 5 => array:12 [ "Order" => 5 "MediaKey" => "PRA638660" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/4825046381009a8da3e4aa581cda5f92.webp" "MediaSize" => 276123 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-4825046381009a8da3e4aa581cda5f92.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.074Z" ] 6 => array:12 [ "Order" => 6 "MediaKey" => "PRA638661" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/1950a125ddb5911ac20746e5d9799a64.webp" "MediaSize" => 478155 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-1950a125ddb5911ac20746e5d9799a64.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.141Z" ] 7 => array:12 [ "Order" => 7 "MediaKey" => "PRA638662" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/80cf04fc891ffde10fb8d35f25e3cf59.webp" "MediaSize" => 445609 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-80cf04fc891ffde10fb8d35f25e3cf59.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.117Z" ] 8 => array:12 [ "Order" => 8 "MediaKey" => "PRA638663" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/f99ea9d686ecb540ab2b9bbf0cbc88c7.webp" "MediaSize" => 404192 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-f99ea9d686ecb540ab2b9bbf0cbc88c7.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.132Z" ] 9 => array:12 [ "Order" => 9 "MediaKey" => "PRA638664" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/d79a1babcdd1f03f173f43434a1a8d23.webp" "MediaSize" => 363815 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-d79a1babcdd1f03f173f43434a1a8d23.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.116Z" ] 10 => array:12 [ "Order" => 10 "MediaKey" => "PRA638665" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/c4a50b38e6cbd4f313cea2ce010c65bc.webp" "MediaSize" => 318624 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-c4a50b38e6cbd4f313cea2ce010c65bc.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.119Z" ] 11 => array:12 [ "Order" => 11 "MediaKey" => "PRA638666" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/531edda8c1f2bb50f7aaa2d79f71d2cf.webp" "MediaSize" => 376511 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-531edda8c1f2bb50f7aaa2d79f71d2cf.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.110Z" ] 12 => array:12 [ "Order" => 12 "MediaKey" => "PRA638667" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/8f7e6297707a9500d1e7a958f47b00b4.webp" "MediaSize" => 366971 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-8f7e6297707a9500d1e7a958f47b00b4.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.115Z" ] 13 => array:12 [ "Order" => 13 "MediaKey" => "PRA638668" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/b28bf76f0f0f05aea2230fffaccda38d.webp" "MediaSize" => 357974 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-b28bf76f0f0f05aea2230fffaccda38d.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.123Z" ] 14 => array:12 [ "Order" => 14 "MediaKey" => "PRA638669" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/fccc3d1db82f575fbeacbd0d512dd19c.webp" "MediaSize" => 291516 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-fccc3d1db82f575fbeacbd0d512dd19c.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.115Z" ] 15 => array:12 [ "Order" => 15 "MediaKey" => "PRA638670" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/9753869c5fa286de7c243ce3ccc48a80.webp" "MediaSize" => 378344 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-9753869c5fa286de7c243ce3ccc48a80.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.150Z" ] 16 => array:12 [ "Order" => 16 "MediaKey" => "PRA638671" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/5aa114238c2de8d6a94cd4d005bf03cb.webp" "MediaSize" => 389120 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-5aa114238c2de8d6a94cd4d005bf03cb.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.118Z" ] 17 => array:12 [ "Order" => 17 "MediaKey" => "PRA638672" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/7fca1cf7878577328b58eac378ebd97a.webp" "MediaSize" => 384868 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-7fca1cf7878577328b58eac378ebd97a.webp" "ImageWidth" => 1297 "ImageHeight" => 2304 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "1297x2304" "MediaModificationTimestamp" => "2026-03-27T16:49:24.144Z" ] 18 => array:12 [ "Order" => 18 "MediaKey" => "PRA638673" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/6447754383fd97d50b4406316b0ab1e2.webp" "MediaSize" => 1128383 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-6447754383fd97d50b4406316b0ab1e2.webp" "ImageWidth" => 3072 "ImageHeight" => 1729 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "3072x1729" "MediaModificationTimestamp" => "2026-03-27T16:49:24.182Z" ] 19 => array:12 [ "Order" => 19 "MediaKey" => "PRA638675" "MediaURL" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/88eac0b4f2942a5ca71ab51d466075c3.webp" "MediaSize" => 1099866 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/183/PRA54397/thumbnail-88eac0b4f2942a5ca71ab51d466075c3.webp" "ImageWidth" => 3072 "ImageHeight" => 1729 "ResourceRecordID" => "PRA54397" "ResourceRecordKey" => "PRA54397" "ImageSizeDescription" => "3072x1729" "MediaModificationTimestamp" => "2026-03-27T16:48:25.434Z" ] ] +"DaysOnMarket": 153 +"ID": "53559" }
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
-
City: Hutchinson
-
Zip/Postal Code: 67502
Details
Updated on March 21, 2026 at 6:01 am-
Property ID HZ54351
-
Price $1,500,000
-
Bedrooms 28
-
Bathrooms 24
-
Garage Size x x
-
Year Built 1987
-
Property Type 5 Family or More, Residential Income
-
Property Status Active, For Sale
Additional details
-
Listing Terms Cash, Conventional
-
Roof Composition, Shingle
-
Sewer Public Sewer, Meter-MASTER
-
Cooling Electric
-
Heating Electric
-
County Reno
-
Property Type Residential Income
-
Parking Paved, Carport, On Street
-
Elementary School Union Valley
-
Middle School Hutchinson
-
High School Hutchinson
-
Architectural Style Two or More Stories
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees