My notes for this property


Add listing to my favorites (required)
Active
$460,000
/mo Edit
Commercial:  Apartments/Retail
Built 1940
0.18 acres
Northfield schools
MLS# 6388740
My rating:
Request a Showing  
Agent
Ask the Agent

Ask the Agent

    Property inquiries submitted online are continually monitored to provide the best possible service.







    Thank You!

    An agent will be in contact with you soon to answer your question.

    Property Description

    For Sale 4-unit, 3 apartments & 1 commercial space, 5, 636 SF investment property in great condition near Elk New Market, MN. 4472 40th St W, Webster, MN 55044 is a fully leased mixed-use property that includes onsite parking, laundry, and 3 stall detached garage. Well maintained and recently updated, this mixed-use property is only minutes from Elko New Parket and within 30 minutes of the Twin Cities. Very strong tenants with the United States Postal Service as a longtime anchor tenant on the first floor and 3 occupied apartments above. USPS has been at this location for many years with their current lease through 2028. THe 3 apartments on the second floor, one 1 bedroom & two 2 bedroom, are in great condition with two of them being fully remodeled in 2021. All units have long-term tenants in place. Ample parking with space in front of the building and a lot directly across the street. A detached garage with 3 stalls is located on the property and will be included in the sale.

    Listing

    Contingency: None
    City: Webster Twp
    County: Rice
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55088
    Subdivision Name: Townsite/Webster

    Exterior

    Garage Spaces: 3
    Other Parking Spaces: 0
    Foundation Size: 1,878 ft2
    Handicap Accessible: Partially Wheelchair
    Heating System: Baseboard
    Parking Features:
    • Detached
    • Guest Parking
    • Off Site
    Exterior Material: Brick/Stone

    Lot & Land

    Acres: 0.18
    Geolocation: 44.52941200, -93.35179800
    Inclusions: Building, Fixture/Equipment, Leases
    Lot Dimensions: 55 x 132
    Zoning: Business/Commercial

    Schools

    School District: 659
    District Phone: 507-663-0629

    Financial & Taxes

    Tax Year: 2022
    Annual Taxes: $4,146
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,146

    Units

    Total Units: 4

    Miscellaneous

    Current Use:
    • Commercial
    • Professional Service
    • Residential
    • Retail
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Common
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.