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Active
$898,000
/mo   Edit
Commercial:  Apartments
Built 1980
5 acres
Lac Qui Parle Valley schools
MLS# 5765334
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    Description:   14 Town Homes / 7 Total Buildings. Current owner retiring. Excellent rental history and occupancy. Well maintained. Option to buy all units or in multiples. Turn key w/ longtime local caretaker makes this an easy opportunity to invest in the rental market. Dollars make sense when investing here.
    List Price: $898,000
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Apartments
    Year Built: 1980
    City: Appleton
    County: Swift
    State: MN
    Zip Code: 56208

    Interior

    Building Fin Sq Ft: 865 sqft
    Appliances Included: Range, Refrigerator, Washer, Dryer
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Slab

    Exterior

    Air Conditioning: Wall Unit(s)
    Heating System: Baseboard
    Foundation Size: 1,728 sqft
    Shared Amenities: None
    Unit Amenities: Kitchen Window, Washer/Dryer Hookup
    Road Frontage: City Street, Paved Streets
    Handicap Accessible: Partially Wheelchair
    Exterior Material: Vinyl Siding
    Garage Spaces: 1
    Other Parking Spaces: 0
    Roof Details: Asphalt

    Lot

    Acres: 5
    Lot Description: Tree Coverage - Light
    Latitude: 45.20912001
    Longitude: -96.02704475
    Lot Size Dim.: 100 100
    Zoning: Residential-Multi-Family

    Schools

    School District: 2853
    District Phone: 320-752-4205

    Expenses

    Annual Caretaker Expense: $9,000
    Annual Electric Expense: $926
    Annual Insurance Expense: $6,000
    Annual Maintenance Expense: $3,645
    Tenant Expenses: Trash Collection, Electricity, Water

    Financial & Taxes

    Tax Year: 2021
    Annual Taxes: $15,240
    Assessment Pending: No
    Taxes w/ Assessments: $15,240

    Income

    Annual Gross Income: $94,800

    Rent

    Annual Net Income: $64,560

    Unit

    Total Units: 7

    Miscellaneous

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

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    Local Home Mortgage Professionals

    Jeff
    Zajac
    Truestone
    Justin
    Larson
    Movement
    Jeff Zajac
    Area Sales Manager
    Truestone Home Mortgage
    NMLS#373627
    Jeff Zajac joined the Truestone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of Randy Fischer Real Estate, Inc.
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