26370 County 7 Blvd - Apartments FOR SALE


Welch, MN 55089
$759,999 USD
651-983-4625
26370 County 7 Blvd, Welch, MN for Sale
$759,999 USD
Apartments - FOR SALE
1/45
null | 6.45% Cap Rate

26370 County 7 Blvd
Welch, MN 55089


HIGHLIGHTS

  • The property is located in the heart of the Village of Welch which has year round activities
  • Tastefully remodeled top to bottom with 4 units being all brand new everything and having quartz countertops and stainless steel appliances
  • Very little maintenance required since it was all completely updated

OVERVIEW

The building underwent a $450,000+ transformation. New electrical panels, wiring, light fixture, plumbing, wall covering, LVP flooring, paint, bathroom, siding, windows, concrete, 2 washer and 2 dryers for basement laundry, new well pressure tank, trim, solid core pine doors, new cabinets with quartz countertops, new forced air furnaces with rooftop ac units for each unit, new on demand boiler, and much more. The basement has tons of storage with 2 laundry hook ups to add coin operating machines in separate room, the main basement area is set up for supplies and storage for STRs, the far back part of the basement was set up as a man pad with roughed in 3/4 bathroom and kitchen with all electrical and plumbing ran. This is a must see to realize the potential and opportunities this property holds. The location couldn't be better for its versatile use. Only available due to other ventures being pursued by owners. Property is listed on Airbnb and has current bookings. Building can be viewed at welchsuites.com Whether you're adding to or just starting your real estate portfolio this a versatile addition. The building has 3 long term rental units upstairs and 3 fully furnished short term rental units on the main level. The STR units have been approved by the township and the county and have brought many people to stay and enjoy all Welch has to offer. The skiing, hiking, biking, tubing, canoeing/kayaking, hunting, snowmobiling, trail riding and sight seeing. Very close proximity to Welch Mill Tubing, Cannon Valley Trial and Welch Village Ski Area. In addition to STR they also make great mid term rentals for seasonal workers and can be rented long term. The building underwent a complete transformation in 2021 full of updates on 5 of the 6 units. Units 1,2,3,6 all have been completely updated with new flooring, forced air hvac, kitchen cabinets with quartz countertops, stainless steel appliances, bathroom, plumbing, electrical, trim and solid core doors. Each unit has fiber internet.

FOR SALE DETAILS

PRICE

$759,999 USD

PRICE/SF

$127 USD /SF

# OF UNITS

6

PRICE/UNIT

$126,667

CAP RATE

6.45%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Welch Suites

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

46.028.1500

ASK ABOUT THIS PROPERTY

Anthony VerchVibrant RealtyMore Info
651-983-4625

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Anthony VerchVibrant RealtyMore Info
651-983-4625

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.