Property offered at ONLINE ONLY auction. 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. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. 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. *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.
