For Sale: Welch Twp MLS# 6464578
Active
$759,999
Commercial: Apartments
Built 1920
0.15 acres
Red Wing schools
MLS# 6464578
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Property Description
Whether you're adding to or just starting your real estate portfolio this a versatile addition. The building has 3 long term rental units upstairs and 3 fully furnished short term rental units on the main level. The STR units have been approved by the township and the county and have brought many people to stay and enjoy all Welch has to offer. The skiing, hiking, biking, tubing, canoeing/kayaking, hunting, snowmobiling, trail riding and sight seeing. Very close proximity to Welch Mill Tubing, Cannon Valley Trial and Welch Village Ski Area. In addition to STR they also make great mid term rentals for seasonal workers and can be rented long term. The building underwent a complete transformation in 2021 full of updates on 5 of the 6 units. Units 1, 2, 3, 6 all have been completely updated with new flooring, forced air hvac, kitchen cabinets with quartz countertops, stainless steel appliances, bathroom, plumbing, electrical, trim and solid core doors. Each unit has fiber internet.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$759,999
Property Type:
Commercial
City:
Welch Twp
Garage Spaces:
0
County:
Goodhue
Year Built:
1920
State:
MN
Property Style:
Apartments
Zip Code:
55089
Interior
Ceiling Height:
11-15
Ranges:
One Per Unit, Six or More
Refrigerators:
One Per Unit, Six or More
Appliances Included:
- Dishwasher
- Dryer
- ENERGY STAR Qualified Appliances
- Fuel Tank - Rented
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
Basement Details:
- Concrete
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
4
Air Conditioning:
Central Air
Foundation Size:
2,250 ft2
Foundation Dimensions:
45x50
Handicap Accessible:
Doors 36"+, No Stairs External, No Stairs Internal, Partially Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Boiler
- Forced Air
Parking Features:
Concrete
Shared Amenities:
Patio
Road Frontage:
- County Road
- Township
Exterior Material:
- Brick Veneer
- Vinyl Siding
Roof Details:
Rubber
Lake & Waterfront
Waterfront Present:
N
Waterfront Name:
Cannon River
Waterfront View:
River, South
DNR Lake ID#:
S9990297
Lake Chain Name:
N
Lake Acres:
0
Lake Depth:
0
Waterfront:
River View
Lot & Land
Acres:
0.15
Geolocation:
44.56823, -92.738178
Inclusions:
Business, Fixture/Equipment, Leases
Lot Dimensions:
70 x 80
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Farm
Topography:
Level
Schools
School District:
256
District Phone:
651-385-4500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$3,600
Annual Fuel Expense:
$3,000
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
$2,000
Annual Gross Expense:
$35,000
Annual Trash Expense:
$1,400
Annual Water/Sewer Expense:
$3,600
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$2,994
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,944
Income
Annual Gross Income:
$84,000
Rent
Annual Net Income:
$49,000
Units
Total Units:
6
Miscellaneous
Current Use:
- Bed & Breakfast
- Hotel/Motel
- Residential
- Resort
Fuel System:
- Electric
- Propane
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Common
Water System:
Well
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Listing provided by RMLS,
courtesy of Vibrant Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.