3102 Sierra Parkway & 40 Pawnee

Description

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