$506,000
$532,250
4.9%For more information regarding the value of a property, please contact us for a free consultation.
7874 365th Street WAY Cannon Falls, MN 55009
2 Acres Lot
Key Details
Sold Price $506,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5232480
Sold Date 08/30/19
Year Built 1955
Annual Tax Amount $2,386
Tax Year 2018
Contingent None
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 2
Property Description
100% occupied, cash-flowing, opportunity in great rental market. Located 30 mins south of St Paul and 30 mins north of Rochester, the Cannon Country Apts and Self-Storage is perfectly positioned for tenants working in either location. The property has frontage on US HWY 52. The complex features 11 res rentals, 1 com rental (currently used as leasing office), and 9 storage. Lots to see here. No drive-bys. Turn-Key operation! Priced at 13% cap rate
Location
State MN
County Goodhue
Zoning Business/Commercial
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplace No
Exterior
Parking Features Gravel, Asphalt, Open
Garage Spaces 9.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less
Present Use Commercial, Hotel/Motel, Residential
Building
Foundation 6124
Sewer Shared Septic
Water Well
Structure Type Wood Siding
Schools
School District Cannon Falls
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