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Landmark Downtown Hutchinson MF Portfoli 2 biens • Immeuble residentiel • À vendre 5 424 400 $ CAD • Hutchinson, KS
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Faits saillants de l'investissement
- 96-Unit Landmark Downtown Multifamily Portfolio Two historic, renovated assets anchoring Hutchinson’s Main Street corridor.
- Proven Value-Add Execution with Stabilized Occupancy Turned from ~58% occupancy to strong stabilized downtown performance.
- Diversified Income with Built-In Commercial Spaces 13 office, retail, and event suites providing multiple revenue streams.
- Limited Downtown Multifamily Supply + Strong Cash Flow Scarce renovated inventory in the CBD driving durable demand and NOI.
Résumé de l'annonce
Plaza Towers and Leon Place comprise a landmark downtown multifamily and mixed-use portfolio located along East 2nd Avenue in the heart of Hutchinson, Kansas. Together, the two historic properties total 96 multifamily units supported by 13 commercial spaces including office, retail, and event use, creating diversified income streams within Hutchinson’s revitalized Main Street corridor.
Originally developed as prominent early-20th-century hotels, both buildings have been thoughtfully repositioned through value-add renovations while preserving their architectural character and historic appeal. Ownership has executed extensive interior upgrades, building system improvements, and commercial space enhancements, transforming the portfolio from distressed conditions into stabilized downtown housing.
Plaza Towers operates as a mixed-use high-rise featuring renovated apartments, secured access, leased retail and office tenants, on-site amenities, and popular event spaces. Leon Place provides affordable downtown living with updated interiors, restored common areas, and functional building infrastructure. The portfolio benefits from strong walkability, proximity to Hutchinson’s major cultural anchors, and limited competitive multifamily supply within the historic district.
Originally developed as prominent early-20th-century hotels, both buildings have been thoughtfully repositioned through value-add renovations while preserving their architectural character and historic appeal. Ownership has executed extensive interior upgrades, building system improvements, and commercial space enhancements, transforming the portfolio from distressed conditions into stabilized downtown housing.
Plaza Towers operates as a mixed-use high-rise featuring renovated apartments, secured access, leased retail and office tenants, on-site amenities, and popular event spaces. Leon Place provides affordable downtown living with updated interiors, restored common areas, and functional building infrastructure. The portfolio benefits from strong walkability, proximity to Hutchinson’s major cultural anchors, and limited competitive multifamily supply within the historic district.
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- Operating and Financials
Faits sur la propriété
| Prix | 5 424 400 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 53,47 $ CAD / pi² | Individuellement en vente | 0 |
| Type de vente | Investissement | Taille totale du bâtiment | 101 456 pi² |
| Statut | Actif | Superficie totale du terrain | 0,57 AC |
| Prix | 5 424 400 $ CAD |
| Prix/pi² | 53,47 $ CAD / pi² |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 101 456 pi² |
| Superficie totale du terrain | 0,57 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Plaza Towers
17 E 2nd Ave, Hutchinson, KS 67501 |
Immeuble residentiel | 69 036 pi² | 1954 | - |
|
Leon Place Apartments
14 E 2nd Ave, Hutchinson, KS 67501 |
Immeuble residentiel | 32 420 pi² | 1930 | - |
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Présenté par
Midwest CRE Advisors, LLC
Landmark Downtown Hutchinson MF Portfoli
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