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.
Date Added: 3/20/26 at 11:24 pm
Last Update: 3/20/26 at 11:54 pm
Interior
- AppliancesDisposal, Electric Oven, Refrigerator, Smoke/ Heat/ Co Detector
- BasementEntrance- EXTERIOR, Finished, Poured Concrete, View Out
- A/CElectric
- HeatingElectric
Exterior
- StyleTwo or More Stories
- ParkingPaved, On Street
Construction
- RoofingOther, Shingle
- GeneralBrick, Frame, Vinyl Siding
Location
- HOAYes
- HOA AmenitiesCommunity Center, In Ground Pool, Underground Sprinkler- ALL, Additional Buildings
- Originating MLSprairie
- School DistrictSouth Hutchinson
- CountyReno
Lot
- ZoningPUTERBAUGH, S24, T23, R06 W, W/2 LOT 18 & ALL LOTS 19-26 BLK 1 & VAC ST & ALLEY
Utilities
- UtilitiesAvailable, Separate Meters, Tenant Paid
- WaterPublic, Meter- MASTER
- SewerPublic Sewer, Meter- MASTER
Financial
- Sourceprairie
Schools
- DistrictNickerson Unified School District 309
- ElementarySouth Hutchinson
- MiddleHutchinson
- HighHutchinson
Listings courtesy of Mid Kansas Multiple Listing Service Inc. as distributed by MLS GRID. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the applicable MLS if any and as amended from time to time