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Listed by Shane Pullman • Berkshire Hathaway PenFed Realty

$2,750,000

Est. payment - /mo

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22,304 SqFt

Price Dropped by $24.8M

1704-1708 E 24th Ave Hutchinson, KS 67502

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Carrie Licon

sold@metroedgehomes.com +1(316) 304-4152

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 22,304 sqft

Price per Sqft $123

MLS Listing ID SCK681599

Style Garden

Total Fin. Sqft 22304

Year Built 1987

Annual Tax Amount $35,868

Tax Year 2025

Lot Dimensions 61420

Property Sub-Type Multi Family

Source sckansas

Property Description

Excellent opportunity to acquire a 24-unit apartment complex consisting of four 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 multi family property represents an ideal turnkey investment opportunity for investors seeking dependable income in one of Hutchinson's most desirable rental areas.

Location

State KS

County Reno

Direction Corner of 24th Ave & Waldron St, properties on 24th Ave. Entry through Coventry Ct.

Rooms

Basement None

Interior

Heating Central Gas, Forced Air

Cooling Multi Units, Electric

Flooring Other

Fireplace No

Appliance Dishwasher, Disposal, Range, Refrigerator

Heat Source Central Gas, Forced Air

Exterior

Garage Description 2 per Unit, On Street, Off Street

Utilities Available Natural Gas Available, Sewer Available

View Y/N Yes

Roof Type Composition

Total Parking Spaces 40

Building

Unit Features [{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_1\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_2\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_3\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_4\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_5\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_6\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_7\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_8\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_9\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_10\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_11\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_12\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_13\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_14\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_15\"},{\"UnitTypeActualRent\":849,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_16\"},{\"UnitTypeActualRent\":1019,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_17\"},{\"UnitTypeActualRent\":1019,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_18\"},{\"UnitTypeActualRent\":1019,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_19\"},{\"UnitTypeActualRent\":1019,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_20\"},{\"UnitTypeActualRent\":1019,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_21\"},{\"UnitTypeActualRent\":1019,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_22\"},{\"UnitTypeActualRent\":1019,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_23\"},{\"UnitTypeActualRent\":1019,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK681599Group_24\"}]

Architectural Style Garden

Structure Type Vinyl Siding

Schools

Elementary Schools Union Valley

Middle Schools Prairie Hills

High Schools Buhler

School District Buhler School District (Usd 313)

Others

Security Features Smoke Detector(s),Fire Walls

Financing None

Schools and Properties Nearby

OUR AGENTS

Carrie Licon

Licensed Real Estate Agent

Scott Licon

Licensed Real Estate Agent

Erin Crotty

Licensed Real Estate Agent

Riley Heimerman

Licensed Real Estate Agent

1704-1708 E 24th Ave Hutchinson, KS 67502

Carrie Licon

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

OUR AGENTS

Carrie Licon

Scott Licon

Erin Crotty

Riley Heimerman

Tour the Home

1704-1708 E 24th Ave