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$2,400,000
Est. payment /mo
5.21 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Cedar Acres Sub
MLS Listing ID 6711796
Year Built 1984
Annual Tax Amount $12,450
Tax Year 2024
Contingent None
Lot Size 5.210 Acres
Acres 5.21
Lot Dimensions 183x250
Property Sub-Type Apartment
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!
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!
Location
State MN
County Mcleod
Zoning Business/Commercial,Residential-Multi-Family
Interior
Heating Hot Water
Cooling Wall Unit(s)
Inclusions Building, Land
Fireplace No
Exterior
Parking Features Asphalt, Parking Lot
Utilities Available Electric Separate, Heating Common, Hot Water Common
Present Use Residential
Building
Foundation 3956
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Metal Siding,Vinyl Siding
Schools
School District Hutchinson
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Listed by Mitchell Jilek • Rize Realty
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