For Sale: Slayton MLS# 6763173
Active
NEW!
$799,900
Commercial: Apartments
Built 1974
0.88 acres
Murray County Central schools
MLS# 6763173
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Property Description
Investment Opportunity: 23-Unit Apartment Building. A prime value-add investment with strong cash flow potential! 14 spacious 2-bedroom units and Nine 1-bedroom units.
Recently installed new roof. Annual gross income: $150, 780. Annual operating expenses: $73, 700. Annual net operating income: $77, 080
This property offers an excellent opportunity to enhance cash flow through active management and upgrades, making it ideal for investors seeking steady income and future growth.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$799,900
Property Type:
Commercial
City:
Slayton
Garage Spaces:
0
County:
Murray
Year Built:
1974
State:
MN
Property Style:
Apartments
Zip Code:
56172
Interior
Appliances Included:
- Range
- Refrigerator
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
20
Air Conditioning:
Wall Unit(s)
Foundation Size:
10,000 ft2
Handicap Accessible:
Other
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Boiler
- Hot Water
Parking Features:
Parking Lot
Shared Amenities:
- Coin-op Laundry Owned
- Other
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
Brick Veneer
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.88
Geolocation:
43.979618, -95.754572
Inclusions:
Building
Lot Dimensions:
231.5 x 330
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Farm
Topography:
Level
Schools
School District:
2169
District Phone:
507-836-6183
Expenses
Annual Gross Expense:
$73,700
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,839
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$11,408
Income
Annual Gross Income:
$150,780
Rent
Annual Net Income:
$77,080
Units
Total Units:
23
Miscellaneous
Current Use:
- Commercial
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started 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.