103 E 7th Ave
Property Description
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.
Broker Details
Berkshire Hathaway HomeServices of America PenFed Realty 316-640-7375
MLS ID: 423012159
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,300,000 |
| No. of Units: | 36 |
| Year Built: | 1967 |
| Lot Size: | 24,408.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $91,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 54 |
| Number of Bathrooms: | 36 |
ID: 3yd-HBRKS-54353
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