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Active
Listed
$999,900
/mo   Edit
MLS# 5200878
Commercial
Built 1976
0.46 acres
Worthington schools
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    Description:   Owner built and operated since 1976 and has been meticulously maintained. All 11 units are 2-bed, 1-bath and feature a full kitchen w/eat-in area, separate dining room, living room, entryway with closet, heat, A/C, and a private garage with opener. Hallways are large and well-lit, there is also a laundry room with coin-op washer and dryer which allows additional income. Recent capital improvements include a new roof, new rooftop air conditioners, new boiler and new hot water heaters.
    List Price: $999,900
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1976
    City: Worthington
    Zip Code: 56187

    Interior

    Building Fin Sq Ft: 12,960 ft²
    Appliances Included: Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Water Softener - Owned, Disposal
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Full, Finished (Livable), Drain Tiled, Egress Windows

    Exterior

    Air Conditioning: Central, Window
    Heating System: Forced Air, Baseboard, Boiler
    Foundation Size: 4,320 ft²
    Shared Amenities: Porch, Coin-op Laundry Owned
    Unit Amenities: Porch, Balcony, Washer/Dryer Hookup
    Road Frontage: City, Paved Streets, Curbs, Sidewalks
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 10
    Other Parking Spaces: 10
    Roof Details: Flat, Age 8 Years or Less, Rubber

    Lot

    Acres: 0.46
    Lot Description: Corner Lot, Additional Land Available
    Latitude: 43.62557000
    Longitude: -95.59336000
    Lot Size Dim.: 100x200
    Dev/Complex Name: Andersons Sub
    Zoning: Residential-Single, Residential-Multi-Family

    Schools

    School District: 518 - Worthington
    District Phone: 507-372-2172

    Expenses

    Annual Caretaker Expense: $1,734
    Annual Electric Expense: $2,006
    Annual Fuel Expense: $2,914
    Annual Insurance Expense: $5,404
    Annual Maintenance Expense: $4,360
    Annual Repair Expense: $4,360
    Annual Gross Expense: $27,310
    Annual Trash Expense: $2,451
    Annual Water/Sewer Expense: $3,707
    Owner Expenses: Taxes, Insurance, Electric, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn
    Tenant Expenses: Water/Sewer, Cable T.V., Broadband

    Financial & Taxes

    Tax Year: 2017
    Annual Taxes: $6,792
    Assessment Pending: No
    Taxes w/ Assessments: $6,792

    Income

    Annual Gross Income: 98760.00

    Rent

    Annual Net Income: $63,502

    Unit

    Total Rooms in Unit 1: 0
    Total Rooms in Unit 2: 11
    Total Rooms in Unit 3: 0
    Total Units: 11
    Number of Efficiencies: 0

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Land, Fixture/Equipment, Leases
    Sewer System: City Sewer/Connected
    Utilities: Heating Common, Electric Common, Hot Water Common
    Water System: City Water/Connected

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