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.
144 days
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100
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3
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Zillow last checked:
Listing updated:
Listed by:
Shane Pullman316-640-7375,
Berkshire Hathaway PenFed Realty
Source: Mid Kansas MLS & Prairie Land Realtors as distributed by MLS GRID,MLS#: 54351
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 28
Bathrooms: 24
Heating
Electric
Cooling
Electric
Appliances
Included: Dishwasher, Disposal, Electric Oven, Refrigerator, Electric Water Heater
Features
Basement: Crawl Space
Interior area
Total structure area: 11,152
Total interior livable area: 11,152 sqft
Property
Parking
Total spaces: 6
Parking features: Paved, Carport, On Street
Has carport: Yes
Covered spaces: 6
Features
Levels: Two or More Stories
Lot
Size: 0.7 Acres
Dimensions: 141' x 217'
Features: Standard Lot
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Frame, Vinyl Siding
Roof: Composition,Shingle
Condition
Year built: 1987
Major remodel year: 2019
Utilities & green energy
Electric: Available, Separate Meters, Tenant Paid
Gas: None
Sewer: Public Sewer, Meter-MASTER
Water: Public, Included in Lease/Rent, Meter-MASTER
Source: Mid Kansas MLS & Prairie Land Realtors as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.