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1710 E 24th Ave, Hutchinson, KS, 67502

28beds
24baths
11,152sqft
$1,500,000
$135price/sqft
$12,264/moest. monthly cost
$490,560/yrincome needed

About This Home

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 is 100% 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 selling entity is a licensed real estate broker in the State of Kansas.

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

7/10
5/10
6/10
Buhler High SchoolGrades 9-127.8 mi

Construction

Condition

  • Year built: 1987

Materials

  • Roof: Composition,Shingle
  • Construction materials: Frame,Vinyl Siding

Notable Dates

  • Major remodel year: 2019

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Electric Oven,Refrigerator,Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 28
  • Bathrooms: 24

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric

Interior Area

  • Total structure area: 11,152
  • Total interior livable area: 11,152 sqft

Property

Features

  • Levels: Two or More Stories

Lot

  • Lot size: 0.70 Acres
  • Features: Standard Lot
  • Lot size dimensions: 140' x 218'

Parking

  • Total spaces: 6
  • Parking features: Paved,Carport,On Street
  • Covered spaces: 6
  • Carport: Yes