$2,180,000
MLS# 6711796
Status: Closed
1 / 63
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!
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2025-07-01
Current Price: $2,180,000
Closed Date: 2025-06-30
Sales Close Price: 2180000
Contingency: None
ListPrice: 2400000
List Date: 2025-04-29
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 50
Year Built: 1984
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Lot Dimensions: 183x250
Acres: 5.2
Foundation Size: 3956
Garage Stalls: 0
For Sale or Lease: For Sale
Location, Tax and Other Information
Legal Description: CEDAR ACRES SUB LOT-009 BLOCK-002
Listing City: Hutchinson
Map Page: 999
Municipality: Hutchinson
School District: Hutchinson
School District Phone: 320-587-2860
Zip Plus 4: 1756
Property ID Number: 232140100
Tax Year: 2024
Tax Amount: 12450
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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!
Directions: Hwy 15 South, Right on Freemont to cul-de-sac
Accessible
Hallways 42"+: 1
Additional Parcels Information
Property ID #2: 232140110
Air Conditioning
Wall Unit(s): 1
Amenities Shared
Coin-op Laundry Owned: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 12450
Construction Status
Previously Owned: 1
Exterior
Metal: 1
Vinyl: 1
Financing Terms
Trade: 1
Foundation
Concrete Block: 1
Fuel
Electric: 1
Natural Gas: 1
Heating
Hot Water: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Owner Pays
Common Area Maintenance: 1
Heat: 1
Hot Water: 1
Insurance: 1
Janitorial Service: 1
Lawn: 1
Maintenance/Repair: 1
Management: 1
Pest Control: 1
Repairs: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Sale Options
Sale Includes: Building, Land
Sewer
City Sewer/Connected: 1
Unit 1
No. of 1 Bedroom Units: 2
Unit Details
Total Units: 24
Water
City Water/Connected: 1
Unit 2
No. of 2 Bedroom Units: 22
On Site Utilities
Electric Separate: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Residential: 1
Location Tax and Other Information
Postal City: Hutchinson
County: McLeod
State: MN
Zip Code: 55350
Complex/Dev/Subdivision: Cedar Acres Sub
Property Features
Accessible: Hallways 42"+
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Owned
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Metal; Vinyl
Financing Terms: Trade
Foundation: Concrete Block
Fuel: Electric; Natural Gas
Heating: Hot Water
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Common Area Maintenance; Heat; Hot Water; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Management; Pest Control; Repairs; Sewer; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Rize Realty
Last Updated: August - 06 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.