$165,000
$165,000
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3,484 Sqft Lot
SOLD DATE : 04/01/2021
Key Details
Sold Price $165,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Village/Fairmont
MLS Listing ID 5720037
Year Built 1945
Annual Tax Amount $2,580
Tax Year 2020
Lot Size 3,484 Sqft
Property Description
Don't miss the opportunity to own an investment property downtown! This building produces $2350 of rental income per month. The main level is rented to a business on a 5 year lease and they are on year 2 of that lease. The furnace for the main level was replaced in 2017. The main level has a reception area, waiting area, 4 private offices along with a conference room along with a bathroom and kitchenette area. All utilities are paid by the renters with separate meters. There are 3 apartments on the upper level with a coin operated laundry area for the tenants to use. All apartments are one bedrooms. There is a street front entrance and an alley entrance for tenants to use. Tenants park in the city lot behind the building.
Location
State MN
County Martin
Zoning Business/Commercial,Other
Interior
Heating Forced Air
Cooling Central Air
Exterior
Garage Assigned, Paved
Utilities Available Electric Common, Heating Separate
Roof Type Flat,Rubber
Building
Story Two
Foundation 1800
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Fairmont Area Schools
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