For Sale: Hutchinson MLS# 6772495
Active
NEW!
$490,000
Multi-family: Triplex
7 br • 4 ba • Built 1978
4,160 sqft • 0.329 acres
MLS# 6772495
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Exceptional opportunity in a highly desirable Hutchinson location—this well-maintained tri-plex offers built-in income and flexible living options. Two of the three units are currently leased, each featuring 2 bedrooms, 2 bathrooms, garage stall, and access to shared on-site laundry. The third unit, previously occupied by the original owner, provides an excellent option for an owner-occupant or an additional rental for full investment potential. This spacious unit includes 3 bedrooms, 2 bathrooms, a lower-level family room with a wet bar and wood-burning fireplace, a 3-season porch, private laundry, and 2 garage stalls. AC and Furnace units have been recently updated. Each Unit has been meticulously maintained.
Whether you’re looking to live in one unit and let the other rentals help pay your mortgage, or you’re seeking a strong investment property with multiple income streams, this home delivers versatility and value. Conveniently located near Main Street Hutchinson, shopping, parks and amenities just minutes away. A rare find with endless potential
Listing
Listing Status:
Active
Contingency:
None
List Price:
$490,000
Price per sq ft:
$118
Property Type:
Multi-family
City:
Hutchinson
Garage Spaces:
4
County:
McLeod
Year Built:
1978
State:
MN
Property Style:
Triplex
Zip Code:
55350
Subdivision Name:
Bonniwells 2nd
Interior
Bedrooms:
7
Bathrooms:
4
Finished Area:
4,160 ft2
Living Area:
4,160 ft2
Refrigerators:
Three
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
- Sump Pump
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
4
Garage Dimensions:
34x22
Garage Size:
748 ft2
Foundation Size:
2,416 ft2
Foundation Dimensions:
26x40
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Detached Garage
Road Frontage:
City Street
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Laundry:
- Common Area
- In Basement
Lot & Land
Acres:
0.329
Geolocation:
44.882391, -94.367357
Lot Dimensions:
75 x 156 x 65 x 137
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
1667
District Phone:
3205872860
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,227
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,102
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,102
Income
Annual Gross Income:
$19,800
Rent
Annual Net Income:
$8,471
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
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.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
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.