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.
132 days
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126
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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#: 54349
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 10
Heating
Natural Gas
Cooling
Electric, Ceiling Fan(s)
Appliances
Included: Dishwasher, Disposal, Electric Oven, Refrigerator, Gas Water Heater
Source: SCKMLS as distributed by MLS GRID #669377Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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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.