Brian Smith
(701) 239-2231
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Listing Details
- $799,000
- MLS# 7086019
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Compass
Agency Phone: 952-283-0897
Shown By
Agent Name: Brian Smith
Agent Phone: (701) 239-2231
Agency Title: Town & Country Realty
Home Value Estimate
Description
Excellent opportunity to acquire a fully occupied 10-unit apartment building with strong in-place cash flow. This well-maintained property features updated units, a newer roof, updated exterior wood components, replacement shakes, and newer windows, helping reduce future capital expenditures.Generating approximately $117,000 in annual gross rental income, this stabilized asset offers immediate income with additional upside through long-term ownership. All units are occupied, providing consistent cash flow from day one.Ideal for investors looking to expand their portfolio or complete a 1031 exchange.
Features
- Heating: Baseboard
- Stories: 3.0
- Taxes: $11,660
- Water: City Water/Connected
- Year Built: 1963
Gallery
Listed By
Agency Name: Compass
Agency Phone: 952-283-0897
Shown By
Agent Name: Brian Smith
Agent Phone: (701) 239-2231
Agency Title: Town & Country Realty
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