1704 E 24th Ave
Property 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.
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: | $1,500,000 |
| No. of Units: | 12 |
| Year Built: | 1987 |
| Lot Size: | 11,152.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $125,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 28 |
| Number of Bathrooms: | 24 |
ID: 3yd-HBRKS-54351
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