311 Division St - Apartments FOR SALE


Millville, MN 55957
$925,000 USD
507-990-2303
311 Division St, Millville, MN for Sale
$925,000 USD
Apartments - FOR SALE
1/56
null | 9% Cap Rate

311 Division St
Millville, MN 55957


HIGHLIGHTS

  • Completely Updated Inside and Out
  • Excellent Rental History
  • Excellent Cash Flow

OVERVIEW

Great Investment Opportunity 12 Unit Apartment building with over $400k In recent Rehab/Updates Done in the past year located just 20 minutes from Rochester and Lake City. 8 units rebuilt from the studs on up including all new wiring, new plumbing, lvp and laminate flooring throughout, updated internet, insulated between units, spray foamed exterior walls, all new kitchens, baths with exhaust fans, fixtures, hvac, wired for mini split units, flooring, lights, and exterior all new windows and siding, common areas have all been updated with paint, flooring and lighting, off street parking , 2 other units fully refinished, On site office and storage area, 2 coin op laundry areas, large flat lot located Zumbro River Valley great recreation area, fishing, tubing, atv/utv riding and hunting. This is as new a building as you can get without building new, This building has excellent rental history and provides great income stream, 9% cap rate!! Unique opportunity to pick your own tenants!! Excellent Rental History with limited Competition, Tenants enjoy the small town peaceful living. Call with any questions or to schedule your showing today.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

12

PRICE/UNIT

$77,083

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

Multi Family Commercial

APN/PARCEL ID

R-24.00028.00

ASK ABOUT THIS PROPERTY

Dustin KanzRE/MAX ResultsMore Info
507-990-2303

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Dustin KanzRE/MAX ResultsMore Info
507-990-2303

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