For Sale: Hutchinson MLS# 6711796
Active
NEW!
$2,400,000
Commercial: Apartments
Built 1984
5.21 acres
Hutchinson schools
MLS# 6711796
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Property Description
Welcome to 221 & 231 Freemont Ave SE in Hutchinson! This exceptional multifamily property features 24 fully rented units, making it a fantastic investment opportunity for any savvy buyer. Ideally situated in a prime, highly rentable location, this property boasts an extremely low vacancy rate, ensuring consistent cash flow and reliable returns.
The units are beautifully furnished, providing tenants with a comfortable living experience that encourages long-term occupancy. The property is supported by phenomenal property management, with the current management team potentially willing to stay on for a smooth transition, offering peace of mind to the new owner.
Don�??t miss out on this rare opportunity to acquire a well-maintained asset in a thriving market. Whether you're an experienced investor or looking to expand your portfolio, 221 & 231 Freemont Ave SE is a must-see!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,400,000
Property Type:
Commercial
City:
Hutchinson
Garage Spaces:
0
County:
McLeod
Year Built:
1984
State:
MN
Property Style:
Apartments
Zip Code:
55350
Subdivision Name:
Cedar Acres Sub
Exterior
Garage Spaces:
0
Other Parking Spaces:
50
Air Conditioning:
Wall Unit(s)
Foundation Size:
3,956 ft2
Handicap Accessible:
Hallways 42"+
Heating System:
Hot Water
Parking Features:
- Asphalt
- Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
- Metal Siding
- Vinyl Siding
Lot & Land
Acres:
5.21
Geolocation:
44.876673, -94.371427
Inclusions:
Building, Land
Lot Dimensions:
183 x 250
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
423
District Phone:
320-587-2860
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$12,450
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,450
Units
Total Units:
24
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Rize Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.