Property Listing
Description
Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue. Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in a convenient downtown setting close to amenities, this property offers long-term rental demand and solid upside for an investor ready to complete the renovations. Priced to reflect the work needed, this property is an ideal value-add opportunity.
Property Information
Status: Active
Sub Type: ********
List Price: $460,000
MLS#: 6820873
Current Price: $460,000
Address: 209 S Minnesota Street, New Ulm, MN 56073
City: New Ulm
State: MN
Postal Code: 56073
Geo Lat: 44.311101
Geo Lon: -94.456309
Subdivision: South Of Center
County: Brown
Property Description
Year Built: 1947
Lot Size SqFt: 8250
Gen Tax: 6534
Specials Inst: 480
High School: New Ulm
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Total SqFt.: ********
Style: ********
Total Bedrooms: 16
Total Bathrooms: 12
Total Full Baths: ********
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Garage Stalls: 0
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Property Features
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Inclusions: Building, Leases
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