For Sale: Austin MLS# 6761736
Active
NEW!
$275,000
Commercial: Apartments
Built 1910
0.21 acres
Austin schools
MLS# 6761736
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Property Description
Five unit apartment building centrally located with ease of access to downtown businesses, schools, parks, pool, trails, and lake. The building offers secure entry doors, new 40-Year roof, new fire alarm system, new boiler, newer water heaters, new electrical service, and many updates to plumbing. The main floor has a very spacious two-bedroom apartment and a laundry room with coin-op machines. The second floor has a one-bedroom apartment, and an efficiency apartment. The third floor has a one-bedroom apartment. The basement has a two-bedroom apartment. Apartments 2, 3, 4 and 5 are on month-to-month leases. Apartment 1 has a new tenant. Apartment 2 has been there since Nov. 2024. Apartment 3 has been there since Feb. 2023. Apartment 4 has been there since Feb. 2024. Apartment 5 has been there since Feb. 2025. The building offers spacious off-street parking for tenants. The pictures are of the apartments prior to tenant move in, but all units are occupied.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$275,000
Property Type:
Commercial
City:
Austin
Garage Spaces:
0
County:
Mower
Year Built:
1910
State:
MN
Property Style:
Apartments
Zip Code:
55912
Subdivision Name:
F R Smith Add
Interior
Ranges:
Five
Refrigerators:
Five
Appliances Included:
- Range
- Refrigerator
Basement Details:
Finished
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
6
Air Conditioning:
None
Foundation Size:
960 ft2
Foundation Dimensions:
24 x 40
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
Hardwood Floors
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Exterior Material:
Slate
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.21
Geolocation:
43.674466, -92.978899
Inclusions:
Building, Land
Lot Dimensions:
100 x
Zoning:
Residential-Multi-Family
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:
$12,761
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,214
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,214
Income
Annual Gross Income:
$36,084
Rent
Annual Net Income:
$23,323
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Hot Water Common
Water System:
City Water/Connected
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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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.