$2,180,000
$2,400,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
5.21 Acres Lot
SOLD DATE : 06/30/2025
Key Details
Sold Price $2,180,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Cedar Acres Sub
MLS Listing ID 6711796
Year Built 1984
Annual Tax Amount $12,450
Tax Year 2024
Lot Size 5.210 Acres
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!
Location
State MN
County Mcleod
Zoning Business/Commercial,Residential-Multi-Family
Interior
Heating Hot Water
Cooling Wall Unit(s)
Exterior
Parking Features Asphalt, Parking Lot
Utilities Available Electric Separate, Heating Common, Hot Water Common
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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