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Listing Details
- $999,900
- MLS# 7036914
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Central MN Realty LLC
Agency Phone: 320-363-4363
Shown By
Agency Title: Town & Country Realty - Commercial Division
Agency Phone: 701-239-2250
Home Value Estimate
Description
100% Occupied 16 Unit Apartment Building With Immediate Cash Flow Generating $140,000 in annual gross income on the edge of town surrounded by farm fields, park across the street, and long history of low vacancies only minutes from Cold Spring, I-94 and the large St. Cloud Metro. Only a few vacancies in the past 5 years and immediately filled. Two 1970 brick buildings consisting of 12 - Two Bedroom units averaging $775 in rent with market rents being around $900 and 4 - One Bedroom units averaging $650 in rent with market rents being around $750 per unit. Many recent updates including architectural shingles, vinyl windows, and nearly all...read more
Features
- Cooling: Wall Unit(s)
- Heating: Boiler, Hot Water
- Stories: 2.0
- Taxes: $13,792
- Water: City Water/Connected
- Year Built: 1969
Gallery
Listed By
Agency Name: Central MN Realty LLC
Agency Phone: 320-363-4363
Shown By
Agency Title: Town & Country Realty - Commercial Division
Agency Phone: 701-239-2250
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