401 E Avenue A Hutchinson, KS 67501

Listing details for 401 E Avenue A, Hutchinson, KS 67501 : Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, February 3, 2026 at 2 PM (cst) | BIDDING CLOSING: Wednesday, February 11th, 2026 at 2:00 PM (cst). Bidding will remain open on this property until 90 seconds have passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! Heritage Apartments – 28-Unit, 100% Occupied Multifamily Investment - Hutchinson, KS Heritage Apartments is a 100% occupied, stabilized 28-unit garden-style apartment community located on East Avenue A in Hutchinson, Kansas. This property offers immediate cash flow with professional third-party management in place and exceptionally thorough operating records, making it a solid addition to an investor’s portfolio.   The property consists of three levels in a three-story garden-style configuration with a gross building area of 19,846 SF, 18,437 SF of rentable space, plus a 1,054 SF clubhouse housing tenant laundry facilities and owner storage. Income Overview: 100% Occupancy Monthly Gross Rent: $16,596 Annualized Gross Rental Income: $199,152 Stabilized in-place income supported by consistent rent collections Detailed rent rolls, deposit rolls, and unit-level maintenance records available Unit Mix (28 Total Units): 9 – 2 BR / 1 Bath 9 – 1 BR / 1 Bath 10 – Efficiency / Studio (1 Bath) including an ADA-compliant oversized studio (734 SF) Property & Unit Features: Each unit has its own water heater Wall-mounted heat & air conditioning Kitchens equipped with oven/range and refrigerator Carpet and vinyl flooring throughout Mini-blinds, coat closets, and linen closets Shower/tub combo in each unit Community Amenities: On-site laundry facility located in clubhouse Off-street parking Budget-friendly studio, one-bedroom, and two-bedroom apartments Intimate community size with efficient operations Management & Operations: Professionally managed by a leading property management company (No written contractual agreement past closing, but company has expressed interest in continuing management post sale.) Comprehensive records including: Rent rolls and deposit rolls Detailed maintenance and service history by unit Management available Monday–Friday 24/7 emergency maintenance on call Utilities & Billing: Water and trash invoiced monthly to residents based on usage $13/month Legal Liability Fee billed to tenants Electricity separately metered and paid directly by residents Pet Policy: Up to 2 pets per unit, maximum 10 lbs each $200 non-refundable pet fee (up to 2 pets) $300 fully refundable deposit per pet $25/month pet rent per pet The monthly income at The Heritage is currently $16,596 at 100% occupancy. Total gross annual income is currently $199,152. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($2,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount of $75,000.