For Sale: Delano MLS# 6807749
Active
$425,000
Multi-family: Apartments
Built 1885
2,540 sqft • 0.34 acres
Delano schools
MLS# 6807749
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Property Description
Four 1 Bed, 1 Bath units with annual lease in place. Excellent location within 1-4 blocks from restaurants, city offices, Central Park and the Delano 4th of July Celebration. Exceptional cash flow. This historic, former church from the late 1880s has great charm and investment potential!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$425,000
Price per sq ft:
$167
Property Type:
Multi-family
City:
Delano
Garage Spaces:
0
County:
Wright
Year Built:
1885
State:
MN
Property Style:
Apartments
Zip Code:
55328
Subdivision Name:
Litchfields Add
Interior
Finished Area:
2,540 ft2
Living Area:
2,540 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,270 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Parking Features:
Gravel
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.34
Geolocation:
45.043957, -93.787431
Lot Dimensions:
100 x 150
Schools
School District:
879
District Phone:
763-972-3365
Expenses
Annual Caretaker Expense:
$600
Annual Electric Expense:
$1,000
Annual Fuel Expense:
$1,500
Annual Insurance Expense:
$1,875
Annual Maintenance Expense:
$1,118
Annual Gross Expense:
$11,894
Annual Trash Expense:
$500
Annual Water/Sewer Expense:
$1,500
Tenant Expenses:
All Utilities, Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,914
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,914
Income
Annual Gross Income:
$43,500
Units
Total Units:
4
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Compass.
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.