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For Sale:  Austin MLS# 6766075

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Active NEW!
$498,000
/mo Edit
Commercial:  Apartments
Built 1890
0.18 acres
Austin schools
MLS# 6766075
763-576-8286
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    Property Description

    Centrally located 10 unit apartment complex. Fully rented building with secure entry. Well maintained and a great cashflow property. Quiet building with onsite laundry and off-street parking. Easy access to downtown, parks, and freeway.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $498,000
    Property Type: Commercial
    City: Austin
    Garage Spaces: 0
    County: Mower
    Year Built: 1890
    State: MN
    Property Style: Apartments
    Zip Code: 55912
    Subdivision Name: Berrys Add

    Interior

    Ceiling Height: 8-10
    Ranges: Six or More
    Refrigerators: Six or More
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details:
    • Full
    • Partially Finished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 8
    Air Conditioning: None
    Foundation Size: 4,833 ft2
    Foundation Dimensions: 118x50
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Parking Lot
    Shared Amenities: Coin-op Laundry Owned
    Unit Amenities:
    • Hardwood Floors
    • Natural Woodwork
    • Tile Floors
    Exterior Material: Steel Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.18
    Geolocation: 43.666064, -92.976502
    Inclusions: Building, Fixture/Equipment, Land, Leases, Rental License
    Lot Dimensions: 142 x 70
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 492
    District Phone: 507-460-1900

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: $19,440
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $5,368
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,368

    Income

    Annual Gross Income: $72,500

    Rent

    Annual Net Income: $53,060

    Units

    Total Units: 10

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Hot Water Common
    Water System: City Water/Connected

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Aleres, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.