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Active
Listed
$955,000
/mo   Edit
MLS# 5271622
214 W State Street
Belle Plaine, MN 56011
Commercial
Built 1977
1.1 acres
Belle Plaine schools
Info: 763-576-8286
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    Description:   Great opportunity to own an 11 unit cash cow! There are 2 apartment buildings and 2 garages that are included at this price. One building is a 4-plex and the other building is a 7-plex. Many improvements include newer roofs on the 4-plex and both garages, some newer siding, new carpet and vinyl flooring in 8 units.
    List Price: $955,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1977
    City: Belle Plaine
    Zip Code: 56011

    Interior

    Building Fin Sq Ft: 5,808 ft²
    Appliances Included: Range, Refrigerator
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit

    Exterior

    Air Conditioning: Wall
    Heating System: Baseboard, Hot Water
    Foundation Size: 2,904 ft²
    Road Frontage: City, Paved Streets
    Handicap Accessible: None
    Exterior Material: Fiber Board
    Garage Spaces: 7
    Other Parking Spaces: 8
    Roof Details: Age 8 Years or Less, Age Over 8 Years, Asphalt Shingles

    Lot

    Acres: 1.1
    Latitude: 44.62540700
    Longitude: -93.77077400
    Lot Size Dim.: 144x158/156x138/100x4
    Dev/Complex Name: City Of Belle Plaine
    Zoning: Residential-Multi-Family

    Schools

    School District: 716 - Belle Plaine
    District Phone: 952-873-2400

    Expenses

    Annual Caretaker Expense: $1,380
    Annual Insurance Expense: $4,577
    Annual Gross Expense: $34,825
    Annual Trash Expense: $660
    Owner Expenses: Taxes, Insurance, Water/Sewer, Fuel, Trash, Snow, Lawn, Maintenance/Repair, Electric
    Tenant Expenses: Electric, Broadband, Cable T.V.

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $14,176
    Assessment Pending: Unknown
    Taxes w/ Assessments: $14,176

    Income

    Annual Gross Income: 105180.00

    Rent

    Annual Net Income: $70,355

    Unit

    Total Rooms in Unit 1: 7
    Total Rooms in Unit 2: 4
    Total Rooms in Unit 3: 0
    Total Units: 11
    Number of Efficiencies: 0

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Land
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Richard
    Smyth
    TruStone
    Chrissy
    Von Itter
    Movement
    Jeff
    Zajac
    TruStone
    Richard Smyth
    Area Sales Manager
    TruStone Home Mortgage NMLS#422593
    Richard Smyth joined TruStone Home Mortgage as a Mortgage Consultant in 2015. With nearly 10 years of experience in the mortgage industry, he has the skills to guide borrowers through the home buying process with ease. With a bachelor's degree in finance from the National University of Ireland Maynooth and a background as a financial advisor, Richard knows the ins-and-outs of financing and will help you get from contract to close. Away from work, Richard spends his time playing music, enjoying the outdoors and spending time with his family.
    763-270-4334

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    Listing provided by RMLS, courtesy of IQ Realty