Centrally located 10-unit apartment complex. Fully rented building with secure entry. Well maintained and a great cashflow property. Steel siding, vinyl windows, new hot water heater, boilers. Quiet building with onsite laundry and off-street parking. Easy access to downtown, parks, and freeway.
MLS ID: 6766075
Directions: I90 to Oakland Avenue West Exit. West On Oakland Avenue To 1st Street SW. Left To Building On Your Right.
MLS #: 6766075
Listing courtesy of: Aleres, LLC
Price: $498,000
Type: Commercial
Contingency: None
Foreclosure: No
Zoning: Residential-Multi-Family
Current Use: Residential
Total Units: 10
Annual Gross Income: $72,500
Net Operating Income: $53,060
Annual Gross Expense: $19,440
Tenant Pays: Cable TV, Electricity
Owner Pays: Insurance, Repairs, Taxes, Trash Collection
Parking Features: Parking Lot
Other Parking Spaces: 8
Owner Occupied: No
Construction Materials: Steel Siding
AccessibilityFeatures: None
Roof: Asphalt
Heating: Boiler
Cooling: None
Style: Apartment
Year Built: 1890
Foundation Area: 4,833
Amenities - Unit: Hardwood Floors, Natural Woodwork, Tile Floors
Amenities - Association: Coin-op Laundry Owned
Sewer: City Sewer/Connected
Water Source: City Water/Connected
Number of Ranges: Six or More
Number of Refrigerators: Six or More
Utilities: Electric Separate, Hot Water Common
Complex/Dev/Sub Name: Berrys Add
Lot Dimensions: 142x70
District: Austin
District Number: 492
District Phone: 507-460-1900
County: Mower
Tax Year: 2024
Tax Amount: $5,368
Assessment Pending: No
Taxes w/Assessments: $5,368
This listing was last updated by Aleres, LLC on 10/8/2025 at 6:22 pm.
Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.
Records last updated at 12/5/2025 2:25 am.
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