For Sale: Owatonna MLS# 6653271
Active
$398,000
Commercial: Apartments
Built 1893
0.46 acres
Owatonna schools
MLS# 6653271

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Property Description
Income-Producing 7 unit property in the Heart of Owatonna!
Discover this exceptional cash-flow-generating property perfectly situated in the vibrant heart of Owatonna. Boasting historic charm with updates throughout, this property is an ideal investment for those seeking minimal maintenance and steady income.
Upgrades include a new roof, newer energy-efficient windows, and fresh paint throughout, ensuring long-term durability and appeal. The property's historic character shines through with unique architectural details, while thoughtful updates enhance its functionality and desirability.
Whether you're a seasoned investor or a first-time buyer, this property offers an incredible opportunity to generate income while owning a piece of Owatonna's rich history. Don't miss out on this rare find!
Contact us today for a private tour or more details.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$398,000
Property Type:
Commercial
City:
Owatonna
Garage Spaces:
0
County:
Steele
Year Built:
1893
State:
MN
Property Style:
Apartments
Zip Code:
55060
Subdivision Name:
Phelps Add
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Cooktop
- Freezer
- Gas Water Heater
- Refrigerator
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
1,794 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
- Gravel
- Open
- Unassigned
Shared Amenities:
- Coin-op Laundry Owned
- Fire Sprinkler System
Unit Amenities:
- Ceiling Fan(s)
- Indoor Sprinklers
- Kitchen Window
- Walk-In Closet
- Walk-Up Attic
Road Frontage:
- City Street
- Sidewalks
Exterior Material:
Wood Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.46
Geolocation:
44.077798, -93.225421
Inclusions:
Fixture/Equipment, Leases
Lot Dimensions:
82.30 x 74
Zoning:
Residential-Multi-Family
Schools
School District:
761
District Phone:
507-444-8610
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,704
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,704
Units
Total Units:
7
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
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Listing provided by RMLS,
courtesy of Berkshire Hathaway Advantage Real Estate.
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.