Listed by Berkshire Hathaway HomeServices PenFed Realty Wichita
$1,000,000
Eastgate #4
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Class C
Year Built 1986
Acreage 0.535
Multifamily
Marketing description
Excellent opportunity to acquire a fully leased 10-unit apartment complex in a premier location with close proximity to the Hutchinson medical corridor. This well-maintained property offers immediate cash flow with a strong, long-term rental history and consistent tenant demand. Investors will appreciate the value-add potential, as cosmetic upgrades over time could support future rent increases and improved returns. A unique feature of the property is the six attached garage spaces with private exterior entrances, separate from the apartment units. With its prime location near major employers, stable occupancy, and additional revenue streams, this property presents a rare opportunity for both immediate income and long-term upside.
Investment highlights
- 91% Leased
- Major upgrades include new windows, siding, roof and multiple mechanical system updates
- Close proximity to Hutchinson Regional Medical Center and other major employers
- Value add potential with cosmetic updates
- Six covered garage spots for additional rental income
Listing Contacts
Listed by Berkshire Hathaway HomeServices PenFed Realty Wichita
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