For Sale: Frost MLS# 6484746
Active
$150,000
Commercial: Apartment,Mixed Use
Built 1959
1 acres
Blue Earth Area schools
MLS# 6484746
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Property Description
15 apartments & commercial units. Property was a former school converted into apartments. Frost is located 2 miles off I90. This property has a ton of potential but needs work.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$150,000
Property Type:
Commercial
City:
Frost
Garage Spaces:
0
County:
Faribault
Year Built:
1959
State:
MN
Property Style:
Apartment, Mixed Use
Zip Code:
56033
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Crawl Space
- Partial
Exterior
Stories:
Two
Garage Spaces:
0
Garage Size:
500 ft2
Other Parking Spaces:
12
Air Conditioning:
Wall Unit(s)
Foundation Size:
11,000 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
On-Street Parking Only
Shared Amenities:
Security
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
1
Geolocation:
43.5860540083, -93.9274240071
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
Irregular
Addl Parcels:
260022100
Zoning:
- Business/Commercial
- Residential-Multi-Family
Lot Description:
- Corner Lot
- Irregular Lot
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
2860
District Phone:
507-526-3188
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,200
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$10,000
Annual Gross Expense:
$30,000
Annual Trash Expense:
$4,800
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$8,034
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,034
Income
Annual Gross Income:
$59,400
Rent
Annual Net Income:
$30,000
Units
Total Units:
15
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Separate
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.