3007 Sierra Pky - Sierra Square Apartments - 14 Units 14 Unit Apartment Building Offered For Sale Hutchinson, KS 67502

ONLINE ONLY!!! Sierra Square Apartments – 14-Unit, 100% Occupied Multifamily Investment | Hutchinson, KS
Sierra Square Apartments is a 100% occupied, well-managed 14-unit garden-style apartment community located on Sierra Parkway near E. 30th St. & S. Plum Street in Hutchinson, Kansas. This stabilized asset offers a desirable unit mix, strong management history, and thorough operational records, making it an ideal opportunity for both seasoned and first-time multifamily investors. 
The property consists of two levels in a garden-style configuration with a total gross building area of 8,315 SF and 7,310 SF of rentable area. A separate 740 SF clubhouse houses tenant laundry facilities and owner storage. The properties sit on a partially fenced 0.71± acre lot.
Unit Mix (14 Total Units):
10 – 1 Bedroom / 1 Bath
4 – Efficiency / Studio (1 Bath)
Property & Building Features:
100% occupancy
Each unit has its own water heater
Central heat & air
Individually functional and efficient layouts
Carpet and vinyl flooring throughout units
Mini-blinds, walk-in closets, and coat closets
Kitchen equipped with oven/range and refrigerator
1 BR units have dishwashers
Shower/tub combo in each unit
Community Amenities:
On-site laundry facility (located in clubhouse)
Paved parking lot w/1+ space per unit
Budget-friendly studio and 1-bedroom units
Intimate 14-unit community setting
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.) 
Exceptionally detailed management records including:
Rent rolls
Security deposit rolls
Unit-by-unit maintenance and service records
On-site/nearby management available Monday–Friday
24/7 emergency maintenance on call
All units have written leases
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
Sierra Square Apartments offers a turn-key, stabilized investment with strong occupancy, professional management, and detailed operational documentation in a proven Hutchinson rental corridor.
The monthly income at Sierra Square is currently $7,610 at 100% occupancy. Total gross annual income is currently $91,320.
Property offered at ONLINE ONLY auction. | 10% Buyer's Premium will be added to the final bid. |BIDDING OPENS: Tuesday, February 3rd, 2026 at 2 PM (cst) | BIDDING CLOSING: Wednesday, February 11th, 2026 at 2:15 PM (cst).  Bidding will remain open on this property until 90 seconds have passed without receiving a bid. Select units can be viewed at one of two Open House dates: 2/2/26 or 2/9/26 from 3:30 PM - 5:30 PM.  More details to come.
*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 $25,000.