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227 S Poplar Street, South Hutchinson, KS

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227 S Poplar Street

South Hutchinson, KS 67505

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1960
Stories:3 Building Size:3,600 SF Land Area:.24 AC (10,454 SF)
For Sale Price:$94,600 Price/Unit:$15,766.67 Cap Rate:4.92 % GRM:5.00

Parking:1.66 Parking Spaces / 1,000 SF

Sale Notes:
This investment property in South Hutchinson, KS, features six one-bedroom apartments. Annual occupancy rate is 86.6 percent. Two units feature independent heating and air conditioning; the balance are on central air and heating. Gross rent multiplier is based on 2017 annual numbers.

Located within two blocks of an elementary school and South Hutchinson's city hall, this property is in demand for small families and entry level workers. Overview and street level views are available on Google Maps: 227 S. Poplar, South Hutchinson, KS.

Hutchinson Properties, LLC
Derek Simmons
(541) 915-4392

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