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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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.
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!
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.