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Millville,MN 55957
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Town Of Millville
MLS Listing ID 6683502
Year Built 1958
Annual Tax Amount $3,848
Tax Year 2024
Contingent None
Lot Size 0.740 Acres
Acres 0.74
Lot Dimensions 199 x 160
Property Sub-Type Apartment
Property Description
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.
Location
State MN
County Wabasha
Zoning Residential-Multi-Family
Interior
Heating Baseboard
Cooling Window Unit(s)
Inclusions Building
Fireplace No
Exterior
Parking Features Asphalt,Parking Lot
Utilities Available Electric Common,Electric Separate,Heating Separate,Hot Water Common
Roof Type Asphalt
Present Use Residential
Building
Story Two
Foundation 7500
Sewer Septic System Compliant - Yes
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone,Fiber Cement
Schools
School District Plainview-Elgin-Millville