Sold: Appleton MLS# 5765334
Sold
$898,000 (list price)
$895,000
Commercial: Apartments
Built 1998
5 acres
Lac Qui Parle Valley schools
MLS# 5765334
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Property Description
14 Town Homes / 7 Total Buildings. Current owner retiring. Excellent rental history and long time tenant occupancy. Well maintained. Roofs replaced in 2014 /15, Rent increase coming May 2022. Option to buy all units or in multiples. Turn key w/ longtime local caretaker makes this an easy opportunity to invest in the rental market. Dollars make sense when investing here.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$898,000
Sold Price:
$895,000
Sold Date:
03/01/2022
Property Type:
Commercial
City:
Appleton
Garage Spaces:
1
County:
Swift
Year Built:
1998
State:
MN
Property Style:
Apartments
Zip Code:
56208
Interior
Ceiling Height:
8-10
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Dryer
- Range
- Refrigerator
- Washer
Basement Details:
Slab
Exterior
Stories:
One
Garage Spaces:
1
Other Parking Spaces:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
1,728 ft2
Handicap Accessible:
Partially Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Parking Features:
- Attached Garage
- Concrete
Shared Amenities:
None
Unit Amenities:
- Kitchen Window
- Washer/Dryer Hookup
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
Vinyl Siding
Roof Details:
Asphalt
Lot & Land
Acres:
5
Geolocation:
45.2091200133, -96.0270447545
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
100 100
Addl Parcels:
220737000, 220745000
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
2853
District Phone:
320-752-4205
Expenses
Annual Caretaker Expense:
$9,000
Annual Electric Expense:
$120
Annual Insurance Expense:
$6,000
Annual Maintenance Expense:
$3,645
Tenant Expenses:
Electricity, Trash Collection, Water
Financial & Taxes
Tax Year:
2021
Annual Taxes:
$15,240
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$15,240
Land Lease Amount:
0
Income
Annual Gross Income:
$94,800
Rent
Annual Net Income:
$64,560
Units
Total Units:
7
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Randy Fischer 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.