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Active
Listed
$935,000
/mo   Edit
MLS# 5271622
Commercial
Built 1977
1.1 acres
Belle Plaine schools
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    Description:   Great opportunity to own an 11 unit cash cow! There are 2 apartment buildings and 2 garages that are included at this price. One building is a 4-plex and the other building is a 7-plex. Many improvements include newer roofs on the 4-plex and both garages, some newer siding, new carpet and vinyl flooring in 8 units.
    List Price: $935,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1977
    City: Belle Plaine
    Zip Code: 56011

    Interior

    Building Fin Sq Ft: 5,808 ft²
    Appliances Included: Range, Refrigerator
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit

    Exterior

    Air Conditioning: Wall
    Heating System: Baseboard, Hot Water
    Foundation Size: 2,904 ft²
    Road Frontage: City, Paved Streets
    Handicap Accessible: None
    Exterior Material: Fiber Board
    Garage Spaces: 7
    Other Parking Spaces: 8
    Roof Details: Age 8 Years or Less, Age Over 8 Years, Asphalt Shingles

    Lot

    Acres: 1.1
    Latitude: 44.62540700
    Longitude: -93.77077400
    Lot Size Dim.: 144x158/156x138/100x4
    Dev/Complex Name: City Of Belle Plaine
    Zoning: Residential-Multi-Family

    Schools

    School District: 716 - Belle Plaine
    District Phone: 952-873-2400

    Expenses

    Annual Caretaker Expense: $1,380
    Annual Insurance Expense: $4,577
    Annual Gross Expense: $34,825
    Annual Trash Expense: $660
    Owner Expenses: Taxes, Insurance, Water/Sewer, Fuel, Trash, Snow, Lawn, Maintenance/Repair, Electric
    Tenant Expenses: Electric, Broadband, Cable T.V.

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $14,176
    Assessment Pending: Unknown
    Taxes w/ Assessments: $14,176

    Income

    Annual Gross Income: 105180.00

    Rent

    Annual Net Income: $70,355

    Unit

    Total Rooms in Unit 1: 7
    Total Rooms in Unit 2: 4
    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
    Sewer System: City Sewer/Connected
    Utilities: Hot Water Common
    Water System: City Water/Connected

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