For Sale: Frost MLS# 6484746
Active
$150,000
Commercial: Apartment,Mixed Use
Built 1959
1 acres
Blue Earth Area schools
MLS# 6484746
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Property Description
15 apartments & commercial units. Property was a former school converted into apartments. Frost is located 2 miles off I90. This property has a ton of potential but needs work.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$150,000
Property Type:
Commercial
City:
Frost
Garage Spaces:
0
County:
Faribault
Year Built:
1959
State:
MN
Property Style:
Apartment, Mixed Use
Zip Code:
56033
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Crawl Space
- Partial
Exterior
Stories:
Two
Garage Spaces:
0
Garage Size:
500 ft2
Other Parking Spaces:
12
Air Conditioning:
Wall Unit(s)
Foundation Size:
11,000 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
On-Street Parking Only
Shared Amenities:
Security
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
1
Geolocation:
43.5860540083, -93.9274240071
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
Irregular
Addl Parcels:
260022100
Zoning:
- Business/Commercial
- Residential-Multi-Family
Lot Description:
- Corner Lot
- Irregular Lot
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
2860
District Phone:
507-526-3188
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,200
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$10,000
Annual Gross Expense:
$30,000
Annual Trash Expense:
$4,800
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$8,034
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,034
Income
Annual Gross Income:
$59,400
Rent
Annual Net Income:
$30,000
Units
Total Units:
15
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Separate
Water System:
City Water/Connected
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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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.