Sold: Belle Plaine MLS# 5662661
Sold
$924,900 (list price)
$910,000
Commercial: Apartments
Built 1977
1.1 acres
Belle Plaine schools
MLS# 5662661
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Property 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.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$924,900
Sold Price:
$910,000
Sold Date:
01/27/2021
Property Type:
Commercial
City:
Belle Plaine
Garage Spaces:
7
County:
Scott
Year Built:
1977
State:
MN
Property Style:
Apartments
Zip Code:
56011
Subdivision Name:
City Of Belle Plaine
Interior
Finished Building Area:
5,808 ft2
Exterior
Garage Spaces:
7
Other Parking Spaces:
8
Foundation Size:
2,904 ft2
Foundation Dimensions:
2904
Handicap Accessible:
None
Heating System:
- Baseboard
- Hot Water
Parking Features:
- Asphalt
- Detached
Exterior Material:
Fiber Board
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
1.1
Geolocation:
44.6254067065, -93.7707736412
Inclusions:
Building
Lot Dimensions:
144 x 158/156 x 138/100 x 4
Addl Parcels:
200013030, 200012600
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
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$17,092
Land Lease Amount:
0
Income
Annual Gross Income:
$111,600
Rent
Annual Net Income:
$73,032
Units
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
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.