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Sold for $297,250 Sold

15 W 11th Street
Litchfield, MN 55355

12 units |

lot: 1 acre
Commercial: Commercial - MLS# 4783397
Property Photo

Sold

Sold for $297,250 on Jun 29, 2017

Description

Recently updated 12 Unit. Roof, electrical, exterior, hot water heaters. Separately metered. Long term renters in many of the units. Commercial shop and house on site, with room to expand. Coin-op laundry. Care taker on site. Will consider Contract for Deed. Easy to manage. Consistent, verifiable, long term cash flow.

Features

  • Accessibility: See Accessibility Details
  • Accessibility Details: Wheelchair Ramp,Lowered Switches/Controls,No Stairs Internal,No Stairs External,Roll-In Shower,Grab
  • Air Conditioning: Window, Wall
  • Amenities - Shared: Coin-Op Laundry Owned, Coin-Op Laundry Leased
  • Annual Gross Expense: 14204.15
  • Annual Gross Income: 59580.00
  • Annual Insurance Expense: 1462
  • Annual Net Income: 56219.00
  • Appliances: Range, Refrigerator
  • Building Finished Square: 6605
  • County/Area: Meeker County
  • Exterior: Wood
  • Foundation Size: 6605
  • Fuel: Electric
  • Garage: 1-Car
  • Heating: Baseboard
  • Listing Status: Sold
  • Lot Dimensions: 477 x 145
  • Lot Size: 1.0000
  • MLS ID: RMLS
  • Number Of 1 Bedroom Unit: 9
  • Number Of 2 Bedroom Unit: 1
  • Number Of Efficiencies: 2
  • Number Of Units 1: 9
  • Other Parking Spaces: 25
  • Parking Characteristics: Uncovered/Open, Driveway - Asphalt
  • Postal City: Litchfield (Mn)
  • Property Type: Commercial
  • Roof: Asphalt Shingles, Pitched, Rubber
  • Sale Includes: Building, Land, Inventory, Fixture/Equipment, Leases
  • School District: 465 - Litchfield
  • Sewer: City Sewer/Connected
  • Sold Date: 2017-06-29 00:00:00
  • Sold Price: 297250
  • Sub Type: Commercial
  • Total Annual Expenses: 14204
  • Units: 12
  • Water: City Water/Connected
  • Year Built: 1954
  • Zip Code: 55355
  • Zoning: Business/Commercial
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Litchfield, MN 55355
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