$499,000
$499,000
For more information regarding the value of a property, please contact us for a free consultation.
302 John ST S Clarissa, MN 56440
0.35 Acres Lot
Key Details
Sold Price $499,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6590220
Sold Date 09/27/24
Year Built 1985
Annual Tax Amount $4,776
Tax Year 2024
Contingent None
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 212.75x94.5x248.81
Property Description
Introducing an excellent investment opportunity: this 8-unit apartment complex is a solid income generator, bringing in $56,000 in gross income annually. The complex features seven spacious two-bedroom, one-bath units and one cozy one-bedroom, one-bath unit, all separately metered for electricity. The building has been freshly power washed and is in move-in-ready condition for a new owner. Whether you’re a seasoned investor or looking to start your real estate portfolio, this property offers steady income with minimal upkeep. Don't miss out on this turn-key investment!
Location
State MN
County Todd
Zoning Business/Commercial
Rooms
Basement Slab
Interior
Heating Baseboard
Cooling Window Unit(s)
Fireplace No
Appliance Cooktop, Dishwasher, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Water Softener Owned
Exterior
Garage Concrete, Unassigned
Utilities Available Heating Separate
Roof Type Age Over 8 Years,Asphalt
Present Use Other
Parking Type Concrete, Unassigned
Building
Lot Description Cleared
Story Two
Foundation 3360
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone,Metal Siding
Schools
School District Eagle Valley
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP