3007 Sierra Pkwy Hutchinson, KS 67502

Sierra Square Apartments, a 100% occupied, 14-unit garden-style apartment community, is located on Sierra Parkway near E. 30th St. & S. Plum Street in Hutchinson, Kansas. The property consists of two levels in a garden-style configuration with a total gross building area of 8,315 square feet and 7,310 square feet of rentable area, situated on a partially fenced 0.71+/- acre lot. A separate 740 square foot clubhouse houses tenant laundry facilities and owner storage. The unit mix includes ten 1-bedroom/1-bath units and four efficiency/studio (1 bath) units. Each unit is equipped with its own water heater, central heat and air, carpet and vinyl flooring, mini-blinds, walk-in closets, coat closets, an oven/range, and a refrigerator. The 1-bedroom units also feature dishwashers. Each unit has a shower/tub combo. Community amenities include an on-site laundry facility in the clubhouse and a paved parking lot with at least one space per unit. Water and trash are invoiced monthly to residents based on usage, with a $13 monthly legal liability fee. Electricity is separately metered and paid directly by residents. The property is professionally managed, and detailed management records are available, including rent rolls, security deposit rolls, and unit-by-unit maintenance and service records. On-site/nearby management is available Monday-Friday, with 24/7 emergency maintenance on call. All units have written leases. The monthly income is currently $7,610 at 100% occupancy, with a total gross annual income of $91,320. The property is intended for multifamily residential use.