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101 Main Avenue S, Red Lake Falls, MN 56750

KD
MN 40779975
123 For Sale Realty
Listed by 123 For Sale Realty
$529,000
155 days on market
Updated 155 days ago

101 Main Avenue S

Details
APN 172864000
Property Type Land
Sub Type Commercial
NOI $47,940
Year Built 1910
Acreage 0.140
Zoning Business/Commercial

Land | 0.14 acres

Marketing description

This is a great building and is ready to have the last four units finished off! Excellent tenants, great location, solid building and room to add a community center downstairs and keep expanding the patio area out back or upgrade the garages and bring another revenue stream in that way! We have a waiting list and new tenants looking all the time, you just need to finish what we started. The renovated units all have new windows, appliances, floors and bathrooms. We have low turnover (except 2 are mid term furnished rentals and stay consistently booked.) This is one you don't want to miss out on. We will keep working on the last units and update the price once they are finished and rented.
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Listing Contacts

KD
MN 40779975
123 For Sale Realty
Listed by 123 For Sale Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,940.00
$3,995.00/mo

Valuation Metrics

0
DSCR
9.06%
Cap Rate
9.06%
ROI

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Additional Information

Name
Kathryn Dolan
License
40779975
Brokerage
123For Sale Realty
Title
Real Estate Agent
Brokerage Address
323 1st Street East
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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