For Sale: Adams MLS# 6681513
Active
$489,900
Commercial: Apartments
Built 1979
0.7 acres
Southland schools
MLS# 6681513
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Six, two bedroom units, Two, one bedroom units. Coin-operated laundry. On-site management currently in place that takes care of turn-overs, common space care/cleaning, etc. Electric/Heat is separate for each unit. Rents could be increased or RUBS put in place for utilities to gain more income.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$489,900
Property Type:
Commercial
City:
Adams
Garage Spaces:
0
County:
Mower
Year Built:
1979
State:
MN
Property Style:
Apartments
Zip Code:
55909
Subdivision Name:
Mays 1st Add
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
16
Air Conditioning:
Wall Unit(s)
Foundation Size:
3,072 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Parking Features:
- Asphalt
- Gravel
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Vinyl Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.7
Geolocation:
43.566253, -92.712134
Inclusions:
Building, Leases
Lot Dimensions:
180 x 170
Zoning:
Residential-Multi-Family
Schools
School District:
500
District Phone:
507-582-3283
Expenses
Annual Caretaker Expense:
$2,400
Annual Electric Expense:
$2,400
Annual Trash Expense:
$5,600
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,146
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$5,486
Income
Annual Gross Income:
$69,540
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
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.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Lakes Sotheby's International Realty.
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.