1705 E 24th Ave, Hutchinson, KS 67502
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1705 E 24th Ave, Hutchinson, KS 67502
1705 E 24th Ave, Hutchinson, KS 67502
1705 E 24th Ave, Hutchinson, KS 67502
1705 E 24th Ave, Hutchinson, KS 67502
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Traci Ratzlaff

Traci Ratzlaff

+1(620) 694-9300
$ 1,000,000
Est. payment /mo
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Active

1705 E 24th Ave Hutchinson, KS 67502

10 Beds

10 Baths

7,192 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 7,192 sqft

Price per Sqft $139

MLS Listing ID 54349

Style Two or More Stories

Bedrooms 10

HOA Y/N No

Year Built 1986

Annual Tax Amount $12,467

Tax Year 2025

Lot Dimensions 145' x 145'

Property Sub-Type 5 Family or More

Source prairie

Property Description

Excellent opportunity to acquire a fully leased 10-unit apartment complex in a premier location with close proximity to the Hutchinson medical corridor. This well-maintained property offers immediate cash flow with a strong, long-term rental history and consistent tenant demand. The property has been meticulously maintained, with numerous major improvements completed in recent years including new windows, siding, roof, and multiple mechanical system updates, helping minimize near-term capital expenditures for a new owner. Investors will appreciate the value-add potential, as cosmetic upgrades over time could support future rent increases and improved returns. A unique feature of the property is the six attached garage spaces with private exterior entrances, separate from the apartment units. These garages provide additional income through separate rental agreements, while tenants also contribute through a utility reimbursement structure, further supporting operational efficiency. With its prime location near major employers, stable occupancy, and additional revenue streams, this property presents a rare opportunity for both immediate income and long-term upside. Seller is a licensed real estate broker in the State of Kansas.

Location

State KS

County Reno

Area Hutchinson Ne

Rooms

Basement Crawl Space

Interior

Heating Natural Gas

Cooling Electric, Ceiling Fan(s)

Fireplace No

Appliance Dishwasher, Disposal, Electric Oven, Refrigerator, Gas Water Heater, Smoke/Heat/CoDetector

Exterior

Parking Features Garage, On Street, Off Street

Garage Spaces 6.0

Carport Spaces 6

Garage Description 6

Amenities Available Gazebo, Porch, Guttering-ALL, Alley Access

Roof Type Composition

Building

Lot Description Standard Lot

Sewer Public Sewer, Meter-MASTER

Water Public, Included in Lease/Rent, Meter-MASTER

Architectural Style Two or More Stories

Structure Type Brick,Frame,Wood Siding

Schools

Elementary Schools Union Valley

Middle Schools Hutchinson

High Schools Hutchinson

School District Union Valley

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Berkshire Hathaway PenFed Realty

NEARBY SCHOOLS & PROPERTIES

Traci Ratzlaff

Traci Ratzlaff

Broker Associate | BRBR00216244

+1(620) 694-9300

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1705 E 24th Ave