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MultiFamily Mansion on Sherman 512 E Sherman St

8 Unit Apartment Building $567,761 CAD ($70,970 CAD/Unit) Hutchinson, KS 67501

Apartment Buildings Kansas Hutchinson 512 E Sherman St, Hutchinson, KS 67501

Investment Highlights

  • 100% Occupancy
  • Management in place
  • Low Maintenance

Executive Summary

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!

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $94,435 $14.22
Other Income - -
Vacancy Loss - -
Effective Gross Income $94,435 $14.22
Taxes $4,868 $0.73
Operating Expenses $21,742 $3.27
Total Expenses $26,610 $4.01
Net Operating Income $67,825 $10.21

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $94,435
Annual Per SF $14.22
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $94,435
Annual Per SF $14.22
Taxes (CAD)
Annual $4,868
Annual Per SF $0.73
Operating Expenses (CAD)
Annual $21,742
Annual Per SF $3.27
Total Expenses (CAD)
Annual $26,610
Annual Per SF $4.01
Net Operating Income (CAD)
Annual $67,825
Annual Per SF $10.21

Property Facts

Price $567,761 CAD Building Class C
Price Per Unit $70,970 CAD Lot Size 0.62 AC
Sale Type Investment Building Size 6,640 SF
No. Units 8 Average Occupancy 100%
Property Type Multifamily No. Stories 3
Property Subtype Apartment Year Built/Renovated 1909/2024
Apartment Style Single Family Home Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $567,761 CAD
Price Per Unit $70,970 CAD
Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.62 AC
Building Size 6,640 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1909/2024
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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PROPERTY TAXES

Parcel Number 134-18-0-20-19-005.00 Total Assessment $23,724 CAD
Land Assessment $451 CAD Annual Taxes $4,868 CAD ($0.73 CAD/SF)
Improvements Assessment $23,272 CAD Tax Year 2023

PROPERTY TAXES

Parcel Number
134-18-0-20-19-005.00
Land Assessment
$451 CAD
Improvements Assessment
$23,272 CAD
Total Assessment
$23,724 CAD
Annual Taxes
$4,868 CAD ($0.73 CAD/SF)
Tax Year
2023
(620) 615-6179

Contact

  • Logan Leuenberger
    Logan Leuenberger
  • Plaza Astle Realty Inc

  • Listing ID: 34279493

  • Date on Market: 2024-12-23

  • Last Updated:

  • Address: 512 E Sherman St, Hutchinson, KS 67501

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MultiFamily Mansion on Sherman | 512 E Sherman St
(620) 615-6179 x

MultiFamily Mansion on Sherman | 512 E Sherman St

Logan Leuenberger

(620) 615-6179

(620) 615-6179

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