1701 E 24th Ave, Hutchinson, KS 67502
- $1,000,000
- 10
- BD
- 7,192
- SqFt
- List Price
- $1,000,000
- Status
- ACTIVE
- MLS#
- 54350
- Bedrooms
- 10
- Sq. Ft
- 7,192
- Year Built
- 1986
Property Description
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. Member of the selling entity is a licensed real estate broker in the State of Kansas.
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Additional Information
- Style
- Two or More Stories
- Roofing
- Composition
- Exterior
- Brick, Frame, Wood Siding
- Appliances
- Dishwasher, Disposal, Electric Oven, Refrigerator, Gas Water Heater
- Basement
- Crawl Space
- Basement Description
- Crawl Space
- Garage Spaces
- 6
- Heating
- Natural Gas
- Cooling
- Electric
- Water
- Public, Meter-MASTER, Tenant-Paid, Other
- Sewer
- Public Sewer, Meter-MASTER
- Elementary School
- Union Valley
- Middle School
- Hutchinson
- High School
- Hutchinson
- Number Of Units
- 10
Courtesy of Berkshire Hathaway PenFed Realty 316-636-2323
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