Sierra Way Apartments - 8 Units 3102 Sierra Pky 8 Unit Apartment Building For Sale Hutchinson, KS 67502

ONLINE ONLY!!! Sierra Way Apartments – 8-Unit, 100% Occupied Multifamily Investment | Hutchinson, KS
Sierra Way Apartments is a 100% occupied, well-managed 8-unit garden-style apartment community located at Sierra Parkway & Pawnee, 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 11,360 SF and 8,368 SF of rentable area. The properties sit on a 0.73± acre lot.
Property & Building Features:
100% occupancy
2-bedroom, 2-bathroom units
849± sq ft per unit
Each unit has its own water heater
Central heat & air
Individually functional and efficient layout
Carpet and vinyl flooring throughout units
Mini-blinds, walk-in closets, and coat closets
Kitchen equipped with dishwasher, oven/range, and refrigerator
Community Amenities:
On-site laundry facility
Paved parking lot w/1 covered space per unit
Additional street parking
Intimate 8-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 Way 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 Way is $5,655, giving a total gross annual income of $67,860.
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 2:30 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 co
*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 $25,000.00