400 E Sherman Ave, Hutchinson, KS 67501
- $349,900
- 3,410
- SqFt
- List Price
- $349,900
- Status
- ACTIVE
- MLS#
- 54397
- Sq. Ft
- 3,410
- Year Built
- 1900
Property Description
Turnkey 6-Unit Investment Opportunity – 10% Cap Rate – Hutchinson, KS. Exceptional opportunity to acquire a high-performing 6-unit multifamily property in the heart of Hutchinson. Located at 400 E. Sherman Ave, this asset delivers immediate cash flow with an attractive 10% cap rate, making it an ideal addition to any investor’s portfolio. The majority of units have been recently remodeled, offering updated interiors that appeal to today’s tenants while minimizing near-term maintenance costs. This positions the property for stable occupancy and continued rental demand. Situated on a desirable corner lot with convenient access to shopping, dining, and major roadways, the location supports consistent tenant retention and long-term growth. Investors will appreciate the strong in-place income along with additional upside through continued rent optimization. Whether you're scaling your portfolio or entering the multifamily space, this property checks the boxes for both cash flow and appreciation potential. Highlights: 10% Cap Rate 6 income-producing units Majority of units recently remodeled Strong, consistent rental demand Value-add potential through rent growth Centrally located with easy access to amenities Opportunities like this—offering both strong returns and improved condition—are increasingly hard to find. Don’t miss your chance to secure a cash-flowing asset in a stable Midwest market.
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Additional Information
- Style
- Two or More Stories
- Roofing
- Composition
- Exterior
- Frame
- Appliances
- Electric Oven, Refrigerator, Smoke/Heat/CoDetector
- Basement
- Partial, Entrance-EXTERIOR
- Basement Description
- Partial, Entrance-EXTERIOR
- Heating
- Natural Gas
- Cooling
- Electric, Ceiling Fan(s)
- Water
- Meter-MASTER
- Sewer
- Public Sewer, Meter-MASTER
- Number Of Units
- 6
Courtesy of Coldwell Banker Americana, Realtors 620-663-8391
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