103 E 7th Ave - Apartments FOR SALE


South Hutchinson, KS 67505
$2,950,000 USD
316-636-2323
103 E 7th Ave, South Hutchinson, KS for Sale
$2,950,000 USD
Apartments - FOR SALE
1/29
null | 5.8% Cap Rate

103 E 7th Ave
South Hutchinson, KS 67505


HIGHLIGHTS

  • Entire exterior vinyl siding replaced within the last 10 years, complemented by new windows and doors.
  • Both buildings recently upgraded with flat roofs for improved longevity and reduced future capital expenditure.
  • Clubhouse remodeled to create flexible tenant amenities and potential revenue-enhancing features.
  • Pool enhanced with full replacement equipment, adding appeal to residents.
  • Located in a growing South Hutchinson area near retail hubs such as Dollar General, McDonald's, and essential services, boosting renter demand.
  • Recent thoughtful renovations and strong occupancy underscore stable cash flow and growth potential.

OVERVIEW

Riverside Villages presents an outstanding multifamily investment opportunity in South Hutchinson, Kansas. This 36-unit property spans over 24,398 SF and sits on a substantial 38,850 SF lot, offering strong fundamentals for long-term value creation. Recently upgraded with modern amenities and building updates in 2019, the complex combines durability and functionality with enhanced appeal. With an impressive occupancy rate of approximately 90% and R-4 zoning, Riverside Villages is positioned for consistent income generation and future growth. The property benefits from a prime location within South Hutchinson, a market seeing continued demand for quality rental housing. Proximity to major employers, retail centers, and transportation corridors strengthens its strategic positioning. Significant recent renovations, including updated vinyl siding and windows, new flat roofs, and remodeled interiors for added versatility in unit layouts, further amplify its operational competitiveness. Investors seeking a reliable cash-flowing asset with long-term upside will find Riverside Villages a compelling addition to their portfolio.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

36

PRICE/UNIT

$81,944

CAP RATE

5.8%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverside Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

126-24-0-20-21-002.00

ASK ABOUT THIS PROPERTY

Shane PullmanBerkshire Hathaway RealtyMore Info
316-636-2323

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Shane PullmanBerkshire Hathaway RealtyMore Info
316-636-2323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.