103 E 7th Ave, South Hutchinson, KS 67505
103 E 7th Ave, South Hutchinson, KS 67505
103 E 7th Ave, South Hutchinson, KS 67505
20
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$3,300,000
Est. payment /mo
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54 Beds
36 Baths
24,408 SqFt
Active

103 E 7th Ave South Hutchinson, KS 67505

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Lacy Critchfield

Lacy Critchfield

+1(316) 641-8907

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 24,408 sqft

Price per Sqft $135

MLS Listing ID 54353

Style Two or More Stories

Bedrooms 54

HOA Y/N No

Year Built 1967

Annual Tax Amount $20,573

Tax Year 2025

Lot Dimensions 179' x 217'

Property Sub-Type 5 Family or More

Source prairie

Property Description

Exceptional opportunity to acquire a turnkey 36-unit apartment complex in South Hutchinson, Kansas, offering strong rental performance and consistent income history. Ideally located near major area employers, the property benefits from stable tenant demand and convenient access to employment centers, shopping, and services. The complex features spacious unit layouts larger than many competing properties in the area, creating strong tenant appeal and retention. Ownership has completed numerous exterior improvements including a newer roof, replacement siding, and concrete parking areas, helping reduce future capital expenses. A standout amenity is the brand-new in-ground swimming pool, providing an attractive feature for tenants and enhancing the property's overall desirability. Operationally efficient, each pair of units on a single floor shares an HVAC system and water heater, helping simplify maintenance and mechanical servicing. The property also includes a clubhouse building that present s additional upside potential, offering the opportunity to remodel the space into a tenant amenity area such as a fitness room or community lounge, or convert it into an additional two-bedroom unit to further increase rental income. With its solid rental history, recent improvements, large unit sizes, and value-add potential, this property represents an excellent investment opportunity for both immediate cash flow and long-term appreciation.

Location

State KS

County Reno

Area South Hutchinson

Rooms

Basement Entrance-EXTERIOR, Finished, Poured Concrete, View Out

Interior

Heating Electric

Cooling Electric

Fireplace No

Appliance Disposal, Electric Oven, Refrigerator, Smoke/Heat/CoDetector

Exterior

Parking Features Paved, On Street

Amenities Available Community Center, In Ground Pool, Underground Sprinkler-ALL, Additional Buildings

Roof Type Other,Shingle

Building

Lot Description Corner Lot

Sewer Public Sewer, Meter-MASTER

Water Public, Meter-MASTER

Architectural Style Two or More Stories

Structure Type Brick,Frame,Vinyl Siding

Schools

Elementary Schools South Hutchinson

Middle Schools Hutchinson

High Schools Hutchinson

School District South Hutchinson

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Berkshire Hathaway PenFed Realty
Nearby Locations
Lacy Critchfield

${companyName}

Phone

+1(316) 641-8907

Address

1001 E Douglas Ave, Wichita, Kansas, 67211, USA

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103 E 7th Ave