FSBO @402 W 7th St Hays Multi-unit Investment Property

https://402-w-7th-fsbo.my.canva.site/final

This is a rare opportunity to own a high-performing income property in Hays, KS. Like any savvy real estate
investor, we’ve held this property for years due to its consistent cash flow—but now it’s time to pass it on.
Located just two blocks from FHSU’s iconic Picken Hall, this 8-unit property is fully occupied through May
2025.

Each unit has one bedroom and one bathroom separate from the kitchen and living space—ideal for tenants
looking to be independent and value their privacy. With less of the typical-college atmosphere, there's less wear
and tear, meaning lower maintenance costs and more profit for the landlord. This is an exceptional
opportunity for both seasoned investors and owner-occupiers looking to generate income and build equity.

Unit Features:

- Each unit is a one bedroom, one bathroom

- Many kitchens and bathrooms have been updated in recent years

- Average unit size: ~400 sq ft

- Quiet(er) environment, sought-after by single tenants, couples and students

Property Highlights:

- On-site parking for approximately 10 vehicles

- Two-story detached garage. Rent the main level for additional income, and use the second level for storage or
rent both for even more cash flow

- Additional storage inside the building

- Large foyer with individual mailboxes and doorbells for each unit

- Spacious, extra-wide hallways and central staircases provide easy access and give the property a feeling of
openness and convenience

- Recently poured extra-wide sidewalk on both street sides

- Sits on a double lot at the corner of Walnut and 7th St

- Brand-new pitched roof and reworked flat roof

- Owner-paid utilities, which is preferred by college students… and keeps those Midwest Energy Credits in
your pocket

Prime Location:

- Just off Hwy 183/40, close to downtown Hays

- Nearby amenities include public and college libraries, sporting venues, restaurants, bars, and city and county
offices

Investment Opportunity:

- Occupancy Rate has been 100% all these years

- Current rents range from $400-$450 ( correction from previously stated) per unit, leaving potential for future
increases

- Owned and well-maintained by the same family for 28 years

- Property is perfect for long-term investors or those looking to live in one unit while generating income from
the others

- With its prime location, excellent rental history, and potential for increased income, this is a stable, low-
maintenance investment opportunity

Additional Features:

- The property has been pet-free for 28 years, with only one ESA exception. Implementing a pet-friendly policy
could increase income

- Security systems can be easily added for enhanced tenant safety (ie a common lock for front and back doors)

- Hardwired fire system is installed but non-functioning since we purchased the property in 1996

Don’t miss out on this income-generating opportunity near FHSU!

Showings available this weekend, October 12th & 13th.

For more information or to schedule a showing, please

- Text or Call -

Laura Atchison at 303-808-0656

Greg Atchison at 303-570-7302

- Email -

gregatch@msn.com