Sold: Pine Island MLS# 6632458
Sold
$175,000 (list price)
$150,000
Commercial: Apartments/Retail
Built 1900
0.05 acres
Pine Island schools
MLS# 6632458
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Property Description
Turnkey Property with Full Occupancy! Subway down stairs and a 2 Bedroom Apartment upstairs!
Updates include:
New Tuckpoint on exterior Bricks 2024,
Exterior Paint Front,
New Back Door Subway
Subway has been there for 20+ years ask for lease details if interested!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$175,000
Sold Price:
$150,000
Sold Date:
12/27/2024
Property Type:
Commercial
City:
Pine Island
Garage Spaces:
0
County:
Goodhue
Year Built:
1900
State:
MN
Property Style:
Apartments/Retail
Zip Code:
55963
Exterior
Garage Spaces:
0
Other Parking Spaces:
2
Foundation Size:
2,475 ft2
Foundation Dimensions:
23x84
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Lot
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.05
Geolocation:
44.200846, -92.646739
Inclusions:
Building, Leases
Lot Dimensions:
23 x 104
Zoning:
Business/Commercial
Schools
School District:
255
District Phone:
507-356-4849
Expenses
Annual Caretaker Expense:
None
Annual Insurance Expense:
$2,500
Annual Gross Expense:
$6,500
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,920
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,920
Income
Annual Gross Income:
$23,040
Rent
Annual Net Income:
$16,540
Units
Total Units:
2
Miscellaneous
Current Use:
- Food Service
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water - In Street
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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 Jason Mitchell Real Estate.
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.