400 E Sherman Ave, Hutchinson, KS 67501
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400 E Sherman Ave, Hutchinson, KS 67501
400 E Sherman Ave, Hutchinson, KS 67501
400 E Sherman Ave, Hutchinson, KS 67501
400 E Sherman Ave, Hutchinson, KS 67501
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Traci Ratzlaff

Traci Ratzlaff

+1(620) 694-9300
$ 349,900
Est. payment /mo
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400 E Sherman Ave Hutchinson, KS 67501

3,410 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 3,410 sqft

Price per Sqft $102

MLS Listing ID 54397

Style Two or More Stories

HOA Y/N No

Year Built 1900

Annual Tax Amount $3,521

Tax Year 2025

Lot Dimensions 0.17 acre

Property Sub-Type 5 Family or More

Source prairie

Property Description

Turnkey 6-Unit Investment Opportunity – 10% Cap Rate – Hutchinson, KS. Exceptional opportunity to acquire a high-performing 6-unit multifamily property in the heart of Hutchinson. Located at 400 E. Sherman Ave, this asset delivers immediate cash flow with an attractive 10% cap rate, making it an ideal addition to any investor's portfolio. The majority of units have been recently remodeled, offering updated interiors that appeal to today's tenants while minimizing near-term maintenance costs. This positions the property for stable occupancy and continued rental demand. Situated on a desirable corner lot with convenient access to shopping, dining, and major roadways, the location supports consistent tenant retention and long-term growth. Investors will appreciate the strong in-place income along with additional upside through continued rent optimization. Whether you're scaling your portfolio or entering the multifamily space, this property checks the boxes for both cash flow and appreciation potential. Highlights: 10% Cap Rate 6 income-producing units Majority of units recently remodeled Strong, consistent rental demand Value-add potential through rent growth Centrally located with easy access to amenities Opportunities like this—offering both strong returns and improved condition—are increasingly hard to find. Don't miss your chance to secure a cash-flowing asset in a stable Midwest market.

Location

State KS

County Reno

Area Hutchinson Se

Rooms

Basement Partial, Entrance-EXTERIOR

Interior

Heating Natural Gas

Cooling Electric, Ceiling Fan(s)

Fireplace No

Appliance Electric Oven, Refrigerator, Smoke/Heat/CoDetector

Exterior

Parking Features On Street

Amenities Available Porch

Roof Type Composition

Building

Sewer Public Sewer, Meter-MASTER

Water Meter-MASTER

Architectural Style Two or More Stories

Structure Type Frame

Schools

School District Mccandless

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Coldwell Banker Americana, Realtors

NEARBY SCHOOLS & PROPERTIES

Traci Ratzlaff

Traci Ratzlaff

Broker Associate | BRBR00216244

+1(620) 694-9300

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400 E Sherman Ave