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$ 399,900
Est. payment | /mo
9 Beds
6 Baths
0.3 Acres Lot
$ 399,900
Est. payment | /mo
9 Beds
6 Baths
0.3 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Phelps Add
MLS Listing ID 7106242
Bedrooms 9
Year Built 1896
Annual Tax Amount $5,474
Tax Year 2026
Contingent None
Lot Size 0.301 Acres
Lot Dimensions common
Property Description
Don't miss this opportunity to acquire a six-unit apartment building in Owatonna. This well-maintained property offers stable in-place cash flow and has seen numerous recent capital improvements. Recent Property Updates include
new flooring throughout many units, fresh interior paint, all bathrooms updated, newer boiler system.
6 Residential Units with 5 of them currently occupied. Working on getting the 6th unity filled.
Tenants pay electricity; landlord pays gas and water/sewer. Need 24 hour notice for all showings.
new flooring throughout many units, fresh interior paint, all bathrooms updated, newer boiler system.
6 Residential Units with 5 of them currently occupied. Working on getting the 6th unity filled.
Tenants pay electricity; landlord pays gas and water/sewer. Need 24 hour notice for all showings.
Location
State MN
County Steele
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Inclusions Building
Fireplace No
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Utilities Available None Available
Present Use Residential
Building
Foundation 1057
Sewer City Sewer/Connected
Water City Water - In Street
New Construction false
Schools
School District Owatonna
Listed by Michelle Moen • RE/MAX Advantage Plus
Nearby Locations
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