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:
45.28364500, -94.06560900
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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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 RE/MAX Advantage Plus.
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.