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Active
$215,000
/mo Edit
Commercial:  Apartments
Built 1900
0.36 acres
Marshall schools
MLS# 6625432
My rating:
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    Property Description

    Discover a unique investment opportunity a 2-story home, converted into a 6-plex while retaining its classic charm. Situated on a generous double lot, this property boasts ample space for additional parking, future expansion, or outdoor communal areas. The home’s original grand entrance has been meticulously preserved, providing a memorable first impression that sets this property apart. High ceilings and elegant architectural features, lends a timeless appeal to the lobby area. The additional lot also presents options for outdoor amenities, such as gardens, patios, or even extra parking.

    Listing

    Contingency: None
    City: Marshall
    County: Lyon
    State: MN
    Property Style: Apartments
    Zip Code: 56258
    Subdivision Name: A Add

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Dimensions: 14x22
    Garage Size: 308 ft2
    Other Parking Spaces: 0
    Air Conditioning: Wall Unit(s)
    Foundation Size: 1,544 ft2
    Handicap Accessible: None
    Heating System:
    • Hot Water
    • Radiant
    Parking Features: Detached
    Exterior Material:
    • Brick/Stone
    • Vinyl Siding
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.36
    Geolocation: 44.445606, -95.795786
    Inclusions: Building, Leases
    Lot Dimensions: 15498
    Zoning: Residential-Single Family

    Schools

    School District: 413
    District Phone: 507-537-6924

    Expenses

    Annual Electric Expense: $4,116
    Annual Fuel Expense: $4,380
    Annual Gross Expense: $14,748
    Annual Trash Expense: $1,068

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,652
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,652

    Income

    Annual Gross Income: $11,400

    Units

    Total Units: 6

    Miscellaneous

    Current Use: Other
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Full Circle Realty Group.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.