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Key Details
Sold Price $275,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5017830
Year Built 1955
Annual Tax Amount $2,674
Tax Year 2017
Lot Size 0.590 Acres
Property Sub-Type Apartment
Property Description
Premier investment opportunity! The Oaks Apartments include 11 units. Vacancies are low. Income is steady. The cap rate is 11.69%. That includes a 5% vacancy rate. Start earning a return on your investment immediately!
Location
State MN
County Faribault
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Open
Utilities Available Electric Separate, Heating Separate, Hot Water Common
Roof Type Age Over 8 Years,Metal,Pitched
Building
Lot Description Corner Lot, Tree Coverage - Light
Foundation 6070
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone,Metal Siding,Wood Siding
Schools
School District Blue Earth Area Schools
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Andrew Atwood
Team Leader | Owner | Broker Associate | License ID: 40626463
Team Leader | Owner | Broker Associate License ID: 40626463