For Sale: Montevideo MLS# 6514647
Active
$200,000
Commercial: Apartments/Retail
Built 1885
0.13 acres
Montevideo schools
MLS# 6514647
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Property Description
Check out this spacious downtown commercial building with 3920 sq ft of space on each level. Enjoy rental income from the four 2nd floor apartments as you set up your business on the main level. The main level could also be divided into 2 sides. Each with their separate entrances to create more rental income. Updates include a 3 year old roof with added insulation, new thermopane windows, all 4 apartments rewired 15 years ago by Ron Molde, two main electrical boxes brought up to date, the front of the building has white ceramic brick, and the back of the building is new in 2023 per an insurance claim. This is a great investment opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$200,000
Property Type:
Commercial
City:
Montevideo
County:
Chippewa
Year Built:
1885
State:
MN
Property Style:
Apartments/Retail
Zip Code:
56265
Interior
Ranges:
Four
Refrigerators:
Four
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Full
- Storage Space
- Unfinished
Exterior
Stories:
Two
Other Parking Spaces:
4
Air Conditioning:
Window Unit(s)
Foundation Size:
3,920 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
On-Street Parking Only
Exterior Material:
Brick Veneer
Roof Details:
- Age 8 Years or Less
- Other
Lot & Land
Acres:
0.13
Geolocation:
44.947454, -95.725316
Inclusions:
Building, Leases
Lot Dimensions:
49 x 120
Zoning:
Business/Commercial
Schools
School District:
129
District Phone:
320-269-8833
Expenses
Annual Insurance Expense:
$2,537
Annual Maintenance Expense:
$1,330
Annual Gross Expense:
$20,060
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$2,854
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,998
Income
Annual Gross Income:
$48,145
Units
Total Units:
4
Miscellaneous
Current Use:
- Residential
- Retail
- Vacant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Kuhlmann Real Estate, Inc..
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.