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Pending
$924,900
/mo   Edit
MLS# 5662661
Commercial
Built 1977
1.1 acres
Belle Plaine schools
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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 units and in common areas.
    List Price: $924,900
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Pending
    Contingency: None
    Property Style: Apartments
    Year Built: 1977
    City: Belle Plaine
    County: Scott
    State: MN
    Zip Code: 56011

    Interior

    Building Fin Sq Ft: 5,808 ft²

    Exterior

    Heating System: Hot Water, Baseboard
    Foundation Size: 2,904 ft²
    Handicap Accessible: None
    Exterior Material: Fiber Board
    Garage Spaces: 7
    Other Parking Spaces: 8

    Lot

    Acres: 1.1
    Latitude: 44.62540671
    Longitude: -93.77077364
    Lot Size Dim.: 144x158/156x138/100x4
    Dev/Complex Name: City Of Belle Plaine
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: $1,680
    Annual Electric Expense: $2,432
    Annual Fuel Expense: $2,431
    Annual Insurance Expense: $4,620
    Annual Gross Expense: $38,568
    Annual Trash Expense: $852
    Annual Water/Sewer Expense: $7,608
    Tenant Expenses: Electricity, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $17,092
    Assessment Pending: Unknown
    Taxes w/ Assessments: $17,092

    Income

    Annual Gross Income: $111,600

    Rent

    Annual Net Income: $73,032

    Unit

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

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jason
    Roaldson
    CrossCountry
    Jeff
    Zajac
    TruStone
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of IQ Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.