Property Listing
Description
This property was built in 1911 with many recent improvements including a new roof in 2019 & all 6 units renovated in the last 3 years. One building features 6 two-bedroom apartments with the other building featuring one retail property, currently the laundromat is owned by the Landlord. The two-parcel offering includes ample Class IV gravel off-street parking in the rear of each respective building. Each unit is separately metered for gas and electric, making expenses relatively low for this investment. The residential building has new boilers (2025). The property has a strong rental history and is 100% occupied. The landlord has successfully renovated all units along with rent increases per year of 7%-10% since purchasing the building in 2020, making this acquisition a solid-performing asset in a growing community with little to no competition.
Property Information
Status: Active
Sub Type: ********
List Price: $875,000
MLS#: 6699747
Current Price: $875,000
Address: 224 Main Street E, Young America, MN 55397
City: Young America
State: MN
Postal Code: 55397
Geo Lat: 44.78348
Geo Lon: -93.912583
Subdivision: City Lts Of Young America
County: Carver
Property Description
Year Built: 1911
Lot Size SqFt: 6098.4
Gen Tax: 8768
Specials Inst: 0
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: ********
Style: ********
Total Bedrooms: 12
Total Bathrooms: 6
Total Full Baths: ********
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: