400 E Sherman St - Apartments FOR SALE


Hutchinson, KS 67501
$349,900 USD
620-663-8391
400 E Sherman St, Hutchinson, KS for Sale
$349,900 USD
Apartments - FOR SALE
1/19
null | 10% Cap Rate

400 E Sherman St
Hutchinson, KS 67501


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$349,900 USD

PRICE/SF

$103 USD /SF

# OF UNITS

6

PRICE/UNIT

$58,317

CAP RATE

10%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,436 SF

ZONING

R4

APN/PARCEL ID

126-13-0-10-23-011.00

ASK ABOUT THIS PROPERTY

LORI FRANKColdwell Banker AmericanaMore Info
620-663-8391

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LORI FRANKColdwell Banker AmericanaMore Info
620-663-8391

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