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Active
$979,900
/mo   Edit
Commercial:  Apartments
Built 1976
0.46 acres
Worthington schools
MLS# 5200878
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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: $979,900
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Apartments
    Year Built: 1976
    City: Worthington
    County: Nobles
    State: MN
    Zip Code: 56187

    Interior

    Building Fin Sq Ft: 12,960 sqft
    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, Drain Tiled, Egress Window(s)

    Exterior

    Air Conditioning: Central Air, Window Unit(s)
    Heating System: Forced Air, Baseboard, Boiler
    Foundation Size: 4,320 sqft
    Shared Amenities: Porch, Coin-op Laundry Owned
    Unit Amenities: Porch, Balcony, Washer/Dryer Hookup
    Road Frontage: City Street, 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 Family, Residential-Multi-Family

    Schools

    School District: 518
    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 Gross Expense: $27,310
    Annual Trash Expense: $2,451
    Annual Water/Sewer Expense: $3,707
    Tenant Expenses: Water, Cable TV

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $6,792
    Assessment Pending: No
    Taxes w/ Assessments: $6,792

    Income

    Annual Gross Income: $98,760

    Rent

    Annual Net Income: $63,502

    Unit

    Total Units: 11

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common, Electric Common, Hot Water Common
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Justin
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    Movement
    Jeff
    Zajac
    Truestone
    Justin Larson
    Loan Officer
    Movement Mortgage
    NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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