512 E Sherman St - Apartments FOR SALE


Hutchinson, KS 67501
$395,000 USD
620-615-6179
512 E Sherman St, Hutchinson, KS for Sale
$395,000 USD
Apartments - FOR SALE
1/6
null | 16.63% Cap Rate

512 E Sherman St
Hutchinson, KS 67501


HIGHLIGHTS

  • 100% Occupancy
  • Low Maintenance
  • Management in place

OVERVIEW

This former mansion has been a rental property for over 50 years! Currently at 100% occupancy. It will bring an annual income of $65,700! Nearly all units have undergone extensive upgrades over the last year. There is additional income potential with the three detached structures on the property, which could bring in an additional $200-$300 per month once updated! This is a great opportunity to own a beautiful property with loads of historical character!

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$59 USD /SF

# OF UNITS

8

PRICE/UNIT

$49,375

CAP RATE

16.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MultiFamily Mansion on Sherman

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

R4

APN/PARCEL ID

134-18-0-20-19-005.00

ASK ABOUT THIS PROPERTY

Logan LeuenbergerPlaza Astle Realty IncMore Info
620-615-6179

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Logan LeuenbergerPlaza Astle Realty IncMore Info
620-615-6179

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