Sold: Nisswa MLS# 6630150
Sold
$875,000 (list price)
$852,500
Commercial: Apartments
Built 1997
5.16 acres
Brainerd schools
MLS# 6630150
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Property Description
Great investment opportunity in the heart of the lakes area. This 8-unit building is hard to find and highly desirable in this area. There are 7 two-bedroom units and one single-bedroom unit, each with its own garage stall. All units are fully occupied and have current leases in place.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$875,000
Sold Price:
$852,500
Sold Date:
01/10/2025
Property Type:
Commercial
City:
Nisswa
Garage Spaces:
8
County:
Crow Wing
Year Built:
1997
State:
MN
Property Style:
Apartments
Zip Code:
56468
Interior
Flooring:
Carpet, Luxury Vinyl Tile, Vinyl
Refrigerators:
Six or More
Appliances Included:
- Dishwasher
- Range
- Refrigerator
Exterior
Garage Spaces:
8
Air Conditioning:
Wall Unit(s)
Foundation Size:
3,464 ft2
Handicap Accessible:
No Stairs Internal
Road Responsibility:
Private Maintained Road, Public Maintained Road
Heating System:
- Baseboard
- Boiler
- Hot Water
Parking Features:
- Asphalt
- Detached Garage
- Gravel
- Guest Parking
Unit Amenities:
- Deck
- Kitchen Center Island
- Primary Bedroom Walk-In Closet
- Walk-In Closet
Road Frontage:
Private Road
Exterior Material:
- Block
- Frame
Lot & Land
Acres:
5.16
Geolocation:
46.498428, -94.302978
Inclusions:
Building, Leases
Lot Dimensions:
477 x 500 x irregular
Zoning:
Residential-Multi-Family
Lot Description:
- Irregular Lot
- Tree Coverage - Medium
Schools
School District:
896
District Phone:
2184546900
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,578
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,578
Income
Annual Gross Income:
$95,400
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
Tank with Drainage Field
Available Utilities:
- Electric Separate
- Heating Common
Water System:
Drilled
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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 Weichert REALTORS Tower Properties.
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.