1705 E 24th Ave Hutchinson, KS 67502
Estimated payment $6,105/month
10
Beds
--
Bath
7,192
Sq Ft
$139
Price per Sq Ft
Highlights
- Wood Flooring
- Brick Veneer
- Cooling Available
- No HOA
About This Home
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.
Listing Agent
Berkshire Hathaway PenFed Realty License #00241192 Listed on: 03/09/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,508
Year Built
- Built in 1986
Home Design
- 7,192 Sq Ft Home
- Brick Veneer
- Composition Roof
Kitchen
- Dishwasher
- Trash Compactor
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 10 Bedrooms
Parking
- 6 Parking Spaces
- Over 1 Space Per Unit
Schools
- Graber Elementary School
- Hutchinson High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 133050101001000
Community Details
Overview
- No Home Owners Association
- 10 Units
Building Details
- Gross Income $88,800
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $11,450 | $63,917 | $3,869 | $60,048 |
| 2023 | $10,567 | $58,524 | $3,869 | $54,655 |
| 2022 | $9,628 | $52,072 | $3,869 | $48,203 |
| 2021 | $9,898 | $51,969 | $3,869 | $48,100 |
| 2020 | $9,964 | $51,911 | $3,869 | $48,042 |
| 2019 | $10,005 | $51,946 | $3,869 | $48,077 |
| 2018 | $9,935 | $51,888 | $3,869 | $48,019 |
| 2017 | $9,934 | $51,888 | $3,869 | $48,019 |
| 2016 | $9,832 | $51,727 | $3,869 | $47,858 |
| 2015 | $9,563 | $52,176 | $3,869 | $48,307 |
| 2014 | $9,563 | $51,934 | $3,627 | $48,307 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/09/2026 03/09/26 | For Sale | $1,000,000 | 0.0% | $139 / Sq Ft |
| 10/12/2018 10/12/18 | Rented | -- | -- | -- |
| 10/03/2018 10/03/18 | For Rent | $589 | -- | -- |
Source: South Central Kansas MLS
About the Listing Agent
Shane was born and raised in Wichita and has been an active community member throughout his life. Shane is well respected in the community, not only for his strong work ethic and trustworthy characteristics, but also because of his commitment to ensure his clients’ success. Shane enjoys calling Wichita home due to the wonderful individuals who comprise the community. Boasting over 7 years of experience, Shane brings knowledge of real estate to clients with an emphasis on strong communication
Shane's Other Listings
Source: South Central Kansas MLS
MLS Number: 669377
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Based on information submitted to the MLS GRID
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