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Listed price in listed location currency (USD).
$875,000

000

MLS® 6699747

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $8,768
Days Active 240
Approx. Age 1911
MLS® Number 6699747

Property Address: 224 Main St E, Norwood Young America, MN, 55397-4510

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number6699747
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1911
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 8, 2025List Date
$875,000List Price
  • Commute

Commute

Starting Address
Destination Address
224 Main St E, Norwood Young America, MN

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