1. Minnesota
  2. Millville
  3. 311 Division Street
$925,000/mo

311 Division Street, Millville, MN 55957

  • 8,792 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon0.74acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $105/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Great Investment Opportunity 12 Unit Apartment building with over $400k In recent Rehab/Updates Done in the past year located just 20 minutes from Rochester and Lake City. 8 units rebuilt from the studs on up including all new wiring, new plumbing, lvp and laminate flooring throughout, updated internet, insulated between units, spray foamed exterior walls, all new kitchens, baths with exhaust fans, fixtures, hvac, wired for mini split units, flooring, lights, and exterior all new windows and siding, common areas have all been updated with paint, flooring and lighting, off street parking , 2 other units fully refinished, On site office and storage area, 2 coin op laundry areas, large flat lot located Zumbro River Valley great recreation area, fishing, tubing, atv/utv riding and hunting. This is as new a building as you can get without building new, This building has excellent rental history and provides great income stream, 9% cap rate!! Unique opportunity to pick your own tenants!! Excellent Rental History with limited Competition, Tenants enjoy the small town peaceful living. Call with any questions or to schedule your showing today.

Listing Status:
Active
Listing Office:
Re/Max Results : 507-288-1111
MLS ID:
6683502
  • A/C: Window Unit(s)
  • Heating: Baseboard

This listing courtesy of Re/Max Results

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Plainview-Elgin-Millville PK-3

600 W Broadway, Plainview, MN, 55964

Grades PK-3

8.12 miles away

P

Plainview-Elgin-Millville Junior

70 1st St SE, Elgin, MN, 55932

Grades 7-8

8.31 miles away

P

Plainview-Elgin-Millville High School

500 W Broadway, Plainview, MN, 55964

Grades 9-12

8.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.