For Sale: Cyrus MLS# 6701589
Active
$1,699,900
Commercial: Apartments
Built 1983
1.03 acres
Morris Area schools
MLS# 6701589
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Property Description
Excellent investment opportunity in charming Cyrus! This 24 unit apartment complex operates at nearly 100% occupancy and provides plenty of green space that is so coveted by the apartment clientele. Located 22 miles SW of Alexandria, 6.5 miles East of Morris and 9 miles West of Starbuck, there is plenty of draw to this smaller but well maintained country town. Comprised of 3 separate 8-unit buildings, this complex provides ample parking, well-maintained grounds, several updates and a great return! Main St building is all main level living with 8-1 bedroom units and Cyrus Garden East and West buildings mirror each other with 7-2 bedroom units and 1-1 bedroom unit in each. Start investing in real estate today or expand your portfolio with this turn-key complex that will start making you money on day one!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,699,900
Property Type:
Commercial
City:
Cyrus
Garage Spaces:
0
County:
Pope
Year Built:
1983
State:
MN
Property Style:
Apartments
Zip Code:
56323
Subdivision Name:
Cyrus City
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Exterior
Garage Spaces:
0
Other Parking Spaces:
36
Air Conditioning:
Wall Unit(s)
Foundation Size:
13,142 ft2
Handicap Accessible:
Partially Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Asphalt
- Paved
Shared Amenities:
- Coin-op Laundry Owned
- Other
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
- Steel Siding
- Vinyl Siding
Roof Details:
Asphalt
Lot & Land
Acres:
1.03
Geolocation:
45.615374, -95.734464
Inclusions:
Building, Business Assets, Business, Land
Lot Dimensions:
300 150
Addl Parcels:
220068000
Zoning:
Residential-Multi-Family
Schools
School District:
2769
District Phone:
320-589-4840
Expenses
Annual Electric Expense:
$4,037
Annual Insurance Expense:
$9,999
Annual Maintenance Expense:
$7,767
Annual Trash Expense:
$3,024
Annual Water/Sewer Expense:
$10,147
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$14,942
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,942
Income
Annual Gross Income:
$199,032
Units
Total Units:
24
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Edina Realty, 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.