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For Sale:  Montevideo MLS# 6514647

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Active
$200,000
/mo Edit
Commercial:  Apartments/Retail
Built 1885
0.13 acres
Montevideo schools
MLS# 6514647
763-576-8286
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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: $200,000
    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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    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.