For Sale: Lonsdale MLS# 6414109
Active
$450,000
Commercial: Apartments/Retail
Built 1912
0.08 acres
New Prague Area schools
MLS# 6414109
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Property Description
Great investment property! Three retail business units and three one bedroom apartments on a high traffic corner lot. Fully rented and income producing property.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Property Type:
Commercial
City:
Lonsdale
Garage Spaces:
0
County:
Rice
Year Built:
1912
State:
MN
Property Style:
Apartments/Retail
Zip Code:
55046
Interior
Ceiling Height:
Varied Heights
Appliances Included:
- Dishwasher
- Disposal
- Electric Water Heater
- Range
- Refrigerator
- Water Softener Owned
Basement Details:
- Concrete
- Posts
- Slab
- Sump Pump
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
3
Air Conditioning:
Central Air
Foundation Size:
2,250 ft2
Foundation Dimensions:
106x25
Handicap Accessible:
Doors 36"+
Heating System:
- Baseboard
- Boiler
- Forced Air
- Radiant
Parking Features:
Open
Unit Amenities:
- Ceiling Fan(s)
- City View
- Kitchen Window
- Paneled Doors
- Security Lights
Exterior Material:
- Brick/Stone
- Stucco
Lot & Land
Acres:
0.08
Geolocation:
44.48044300, -93.42895400
Inclusions:
Building, Leases
Lot Dimensions:
Getting
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
721
District Phone:
952-758-1700
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,740
Annual Maintenance Expense:
$425
Annual Gross Expense:
$6,663
Annual Trash Expense:
$250
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Cable TV, Electricity, Fuel
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$2,328
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$2,448
Income
Annual Gross Income:
$42,600
Rent
Annual Net Income:
$35,937
Units
Total Units:
6
Miscellaneous
Current Use:
- Residential
- Retail
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of National Realty Guild.
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.