For Sale: Hutchinson MLS# 6263574
Active Contingent
$950,000
Multi-family: Other
Built 1937
18,080 sqft • 0.29 acres
Hutchinson schools
MLS# 6263574
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Property Description
Remarkable Property with Luxury Suites & Commercial Space in excellent Downtown Hutchinson Location! 4 Units available. Each are 1 Bedroom/ 1 Bathroom with Laundry in each unit. In Floor Heat, Deck outside for Rooftop enjoyment and 3 Car Garage. This Building also has 3 Movie Theatre Screens, a furnished space rented out to a Hair Stylist along with an unfinished area of 1, 600 sq. ft currently used as storage, however, could be a Fabulous Store Front, Theatre Expansion or Bonus Area of your Choice. Great Opportunity for someone to Own a Well-Known Theatre & Live onsite! Call today for More Details and a Private Tour!
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$950,000
Price per sq ft:
$53
Property Type:
Multi-family
City:
Hutchinson
Garage Spaces:
3
County:
McLeod
Year Built:
1937
State:
MN
Property Style:
Other
Zip Code:
55350
Subdivision Name:
North Half, Hutchinson
Interior
Finished Area:
18,080 ft2
Living Area:
18,080 ft2
Basement Details:
- Other
- Owner Access
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
3
Garage Dimensions:
32x22
Garage Size:
704 ft2
Foundation Size:
13,334 ft2
Foundation Dimensions:
127x162
Handicap Accessible:
Accessible Elevator Installed
Heating System:
Radiant Floor
Parking Features:
- Attached Garage
- Paved
Shared Amenities:
- Elevator(s)
- Patio
Exterior Material:
Brick/Stone
Roof Details:
Asphalt
Lot & Land
Acres:
0.29
Geolocation:
44.8925949842, -94.3683929995
Lot Dimensions:
127 x 162
Zoning:
Business/Commercial
Schools
School District:
423
District Phone:
320-587-2860
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,500
Annual Fuel Expense:
$2,500
Annual Insurance Expense:
$9,000
Annual Maintenance Expense:
$4,500
Annual Gross Expense:
$10,600
Annual Trash Expense:
$400
Annual Water/Sewer Expense:
$4,000
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$34,852
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$34,852
Land Lease Amount:
0
Income
Annual Gross Income:
$50,400
Misc. Monthly Income:
$100
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Jane Vikse Real Estate.
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.