For Sale: Dexter MLS# 6624764
Active
$539,000
Commercial: Apartments
Built 2002
0.42 acres
Southland schools
MLS# 6624764
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Property Description
Incredible Investment opportunity in this peaceful community! Own this income producing 5-Plex with ICF foundation, In-floor heat, in-unit laundry, walk-in closets, generous sized units, and attached garages. This is not your ordinary apartment complex - must see in person to appreciate!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$539,000
Property Type:
Commercial
City:
Dexter
Garage Spaces:
6
County:
Mower
Year Built:
2002
State:
MN
Property Style:
Apartments
Zip Code:
55926
Subdivision Name:
Shaws Second Add
Exterior
Garage Spaces:
6
Garage Size:
1,000 ft2
Other Parking Spaces:
8
Air Conditioning:
Central Air
Foundation Size:
2,340 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Radiant Floor
- Zoned
Parking Features:
- Attached Garage
- Finished Garage
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
0.42
Geolocation:
43.722918, -92.703238
Inclusions:
Leases
Lot Dimensions:
113 x 159
Zoning:
Residential-Multi-Family
Schools
School District:
500
District Phone:
507-582-3283
Expenses
Annual Electric Expense:
$720
Annual Fuel Expense:
$3,000
Annual Gross Expense:
$19,758
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$1,000
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$4,998
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,998
Income
Annual Gross Income:
$58,500
Rent
Annual Net Income:
$38,742
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Propane
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
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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 Ben Olsen Realty LLC.
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.