For Sale: Montevideo MLS# 6514647
Active
$150,000
Commercial: Apartments/Retail
Built 1885
0.13 acres
Montevideo schools
MLS# 6514647
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Property Description
Check out this spacious downtown commercial building with 3920 sq ft of space on each level. Enjoy rental income from the four 2nd floor apartments as you set up your business on the main level. The main level could also be divided into 2 sides. Each with their separate entrances to create more rental income. Updates include a 3 year old roof with added insulation, new thermopane windows, all 4 apartments rewired 15 years ago by Ron Molde, two main electrical boxes brought up to date, the front of the building has white ceramic brick, and the back of the building is new in 2023 per an insurance claim. This is a great investment opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$150,000
Property Type:
Commercial
City:
Montevideo
Garage Spaces:
0
County:
Chippewa
Year Built:
1885
State:
MN
Property Style:
Apartments/Retail
Zip Code:
56265
Interior
Ranges:
Four
Refrigerators:
Four
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Full
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
4
Air Conditioning:
Window Unit(s)
Foundation Size:
3,920 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
On-Street Parking Only
Exterior Material:
Brick Veneer
Roof Details:
- Age 8 Years or Less
- Other
Lot & Land
Acres:
0.13
Geolocation:
44.947454, -95.725316
Inclusions:
Building, Leases
Lot Dimensions:
49 x 120
Zoning:
Business/Commercial
Schools
School District:
129
District Phone:
320-269-8833
Expenses
Annual Insurance Expense:
$2,537
Annual Maintenance Expense:
$1,330
Annual Gross Expense:
$20,060
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$2,854
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,998
Income
Annual Gross Income:
$48,145
Units
Total Units:
4
Miscellaneous
Current Use:
- Residential
- Retail
- Vacant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Kuhlmann Real Estate, Inc..
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.