Sold: Foley MLS# 6599202
Sold
$525,000 (list price)
$495,000
Commercial: Apartments/Retail
Built 1917
0.08 acres
Foley schools
MLS# 6599202

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Property Description
An amazing opportunity to purchase an affordable and cash flowing 10 unit building in downtown Foley. 9 Residential units & 1 Commercial. Long Term tenants. Low rents. Tenants pay heat and electric. Landlord pays water, sewer, and trash! 8 - 2 beds , 1 - Studio, and 1 Commercial! Full & ready to cashflow. Being sold at greater than an 8.5 CAP on in-place income!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$525,000
Sold Price:
$495,000
Sold Date:
10/18/2024
Property Type:
Commercial
City:
Foley
Garage Spaces:
0
County:
Benton
Year Built:
1917
State:
MN
Property Style:
Apartments/Retail
Zip Code:
56329
Subdivision Name:
Town Of Foley
Interior
Ceiling Height:
8-10
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Cooktop
- Dryer
- Range
- Refrigerator
- Washer
Basement Details:
Block
Exterior
Garage Spaces:
0
Other Parking Spaces:
5
Air Conditioning:
Window Unit(s)
Foundation Size:
4,000 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
Parking Lot
Unit Amenities:
- Hardwood Floors
- Washer/Dryer Hookup
Road Frontage:
City Street
Exterior Material:
- Stucco
- Wood Siding
Roof Details:
Flat
Lot & Land
Acres:
0.08
Geolocation:
45.664396, -93.910214
Inclusions:
Building
Lot Dimensions:
40 x 120 x 90 x 30 x 120
Zoning:
- Business/Commercial
- Residential-Single Family
Farm
Topography:
Level
Schools
School District:
51
District Phone:
320-968-7175
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$7,838
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,838
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
10
Miscellaneous
Current Use:
- Commercial
- Residential
Fuel System:
Electric
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Common
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Results.
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.