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For Sale:  Hutchinson MLS# 6263574

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Active Contingent
$950,000
/mo Edit
Multi-family:  Other
Built 1937
18,080 sqft • 0.29 acres
Hutchinson schools
MLS# 6263574
763-576-8286
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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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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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.