401 Avenue A E Hutchinson, KS 67501

The Heritage Apartments, located on East Avenue A in Hutchinson, Kansas, is a 100% occupied, stabilized 28-unit garden-style apartment community. The property features a three-level configuration within a three-story building. The gross building area measures 19,846 square feet, including 18,437 square feet of rentable space, and a 1,054 square foot clubhouse that houses tenant laundry facilities and owner storage. The unit mix comprises nine 2-bedroom/1-bath units, nine 1-bedroom/1-bath units, and ten efficiency/studio units (1 bath), including an ADA-compliant oversized studio measuring 734 square feet. Each unit is equipped with its own water heater, wall-mounted heat and air conditioning, a kitchen with an oven/range and refrigerator, carpet and vinyl flooring, mini-blinds, coat closets, and linen closets, as well as a shower/tub combo in each unit. Community amenities include an on-site laundry facility in the clubhouse and off-street parking. Water and trash are invoiced monthly to residents based on usage at $13 per month, along with a legal liability fee. Electricity is separately metered and paid directly by residents. The property allows up to 2 pets per unit, with a maximum weight of 10 lbs each, and includes a $200 non-refundable pet fee, a $300 fully refundable deposit per pet, and $25 per month pet rent per pet. The property is professionally managed, and comprehensive records are available, including rent rolls, deposit rolls, and detailed maintenance and service history by unit. The monthly income is currently $16,596 at 100% occupancy, with a total gross annual income of $199,152. The property is situated on a lot of 32,670 acres.