For Sale: Hutchinson MLS# 6717968
Active
NEW!
$2,550,000
Commercial: Apartments
Built 1900
8.08 acres
Hutchinson schools
MLS# 6717968
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Property Description
Welcome to an impeccably renovated property that epitomizes quality and care. With 12 units already beautifully updated in the past six months and the final six beginning renovations on June 1st, this property offers extensive modern enhancements. Enjoy peace of mind with newly run electrical lines to the garages, fresh garage doors and openers, new siding, and a sturdy new roof. Each deck has been meticulously redone, featuring new railings and waterproof flooring. Inside, you'll find freshly renovated units boasting new flooring, cabinets, and countertops. Kitchens have been opened up for a modern feel, eliminating outdated drop ceilings. Additional upgrades include new trim, doors, vanities, mirrors, and resurfaced bathtubs with new hardware. Enhanced lighting and electrical outlets complement the mostly new air conditioners, ensuring comfort and efficiency. Five units also feature charming electric fireplaces. This property promises a refined living experience with outstanding attention to detail and exceptional upgrades throughout.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,550,000
Property Type:
Commercial
City:
Hutchinson
Garage Spaces:
18
County:
McLeod
Year Built:
1900
State:
MN
Property Style:
Apartments
Zip Code:
55350
Subdivision Name:
Cedar Acres Sub
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Exterior
Stories:
Two
Garage Spaces:
18
Other Parking Spaces:
10
Air Conditioning:
Wall Unit(s)
Foundation Size:
4,500 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
Detached
Exterior Material:
Vinyl Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
8.08
Geolocation:
44.877502, -94.371034
Inclusions:
Building
Lot Dimensions:
32 x 29 x 232 x 297 x 229
Zoning:
Business/Commercial
Schools
School District:
423
District Phone:
320-587-2860
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$23,350
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$23,350
Income
Annual Gross Income:
$268,872
Units
Total Units:
18
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
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.