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Riverside Village 103 E 7th Ave 36 Unit Apartment Building $4,117,521 CAD ($114,376 CAD/Unit) 5.80% Cap Rate South Hutchinson, KS 67505
Investment Highlights
- Value add through cosmetic updates
- Pool entirely brand new, most major CapEx items already completed
- Clubhouse that could be additional amenities
Executive Summary
Strong occupancy with 97.2% occupied
Value add opportunity with cosmetic upgrades to increase rental rates
Vinyl siding, roof, windows all have been replaced
Pool decking repoured, new equipment, new concrete base and new vinyl liner Fall 2025
Value add for club house renovation to create new amenities or additional 2 bedroom unit
Value add opportunity with cosmetic upgrades to increase rental rates
Vinyl siding, roof, windows all have been replaced
Pool decking repoured, new equipment, new concrete base and new vinyl liner Fall 2025
Value add for club house renovation to create new amenities or additional 2 bedroom unit
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,117,521 CAD | Building Class | C |
| Price Per Unit | $114,376 CAD | Lot Size | 0.89 AC |
| Sale Type | Investment | Building Size | 27,120 SF |
| Cap Rate | 5.80% | Average Occupancy | 97% |
| No. Units | 36 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1967/2013 |
| Property Subtype | Apartment | Parking Ratio | 2.21/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $4,117,521 CAD |
| Price Per Unit | $114,376 CAD |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 27,120 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1967/2013 |
| Parking Ratio | 2.21/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
- Family Room
- Linen Closet
- Window Coverings
Site Amenities
- Clubhouse
- Courtyard
- Pool
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $947.73 CAD | 554 |
| 2+1 | 18 | $1,115 CAD | 700 |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 126-24-0-20-21-002.00 | Total Assessment | $165,136 CAD |
| Land Assessment | $3,492 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $161,644 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
126-24-0-20-21-002.00
Land Assessment
$3,492 CAD
Improvements Assessment
$161,644 CAD
Total Assessment
$165,136 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Riverside Village | 103 E 7th Ave
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