For Sale: Annandale MLS# 6474415
Active
$1,485,000
Multi-family: Apartments
Built 1908
7,000 sqft•2.82 acres
Annandale schools
MLS# 6474415
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Property Description
What a fabulous opportunity to own a large parcel on a premier area lake. This property consists of 2 buildings housing 10 apartments. Six 1 bedroom, three 2 bedroom and one studio. The large 2 bedroom apartment in the house building also has a den. There are 8 garage spaces included along with a 36x120 foot storage building for seasonal storage income. This property is 2.8 acres with 216 feet of some of the best shoreline in the area on desirable Cedar Lake. There is a shared coin operated laundry for the tenants and a fantastic level lakeside yard to enjoy the lake life. The property has 2 docks, a wonderful view down the whole lake, nice hard bottom great for swimming. Building 1 (House) is 28x57. Building 2 (Barn) is 26x90. The 7 stall garage is 26x70. This is a great piece of property!!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,485,000
Price per sq ft:
$212
Property Type:
Multi-family
City:
Annandale
Garage Spaces:
8
County:
Wright
Year Built:
1908
State:
MN
Property Style:
Apartments
Zip Code:
55302
Interior
Finished Area:
7,000 ft2
Living Area:
7,000 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
8
Garage Size:
1,800 ft2
Foundation Size:
3,800 ft2
Handicap Accessible:
Other
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Asphalt
- Detached
- Gravel
- Gravel
- Multiple Garages
- Parking Lot
- Paved
Shared Amenities:
- Beach
- Coin-op Laundry Owned
- Common Laundry
- Dock
Road Frontage:
- No Outlet/Dead End
- Paved Streets
- Township
Exterior Material:
- Stucco
- Vinyl Siding
Roof Details:
- Asphalt
- Pitched
Lake & Waterfront
Waterfront Present:
Y
Waterfront Name:
Cedar Lake (Corinna Twp.)
Waterfront View:
Lake, South
DNR Lake ID#:
86022700
WF Frontage:
216
Elev Highpt to WF feet:
0-4
Waterfront Slope:
Level
Lake Chain Name:
N
Lake Acres:
790
Lake Depth:
108
Waterfront:
Lake Front
Lake Bottom:
- Hard
- Sand
Lot & Land
Acres:
2.82
Geolocation:
45.283645, -94.065609
Lot Dimensions:
Irregular
Zoning:
Agriculture
Lot Description:
Tree Coverage - Medium
Farm
Topography:
Level
Schools
School District:
876
District Phone:
320-274-5602
Expenses
Annual Caretaker Expense:
$7,600
Annual Electric Expense:
$5,500
Annual Fuel Expense:
$6,100
Annual Insurance Expense:
$9,400
Annual Maintenance Expense:
$3,000
Annual Gross Expense:
$44,000
Annual Trash Expense:
$1,795
Annual Water/Sewer Expense:
None
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$7,730
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,730
Income
Annual Gross Income:
$86,000
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
- Private Sewer
- Septic System Compliant - No
Water System:
- Private
- Well
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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.