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151 W BRIDGE ST, OWATONNA, MN 55060-2917 For Sale

DS
MN 40929303
Stadheim Properties
Listed by Stadheim Properties
$379,000
3 days on market
Updated 3 days ago
Opportunity zone

151 W BRIDGE ST OWATONNA MN 55060-2917

Details
APN 17-100-0118
Property Type Multifamily, Mixed Use (+1)
Sub Type Apartment Building
Square Footage 7,924
Net Rentable (SqFt) 7,924
Units 6
Cap Rate 8.73%
NOI $33,078
Occupancy 60%
Tenancy Single
Lease Type Net
Lease Term 3
Lease Expiration 05/31/2028
Remaining Term 1.9
Rent Bumps Yes
Class C
Year Built 1926
Year Renovated 2022
Buildings 1
Lot Size (SqFt) 4,270
Zoning B3 Central Business
Parking Spaces 3 spaces
Parking per 1,000 SqFt 0.38
Investment Type Stabilized
Lease Commencement 06/01/2025
Ground Lease No
Sale Condition For sale by owner

Multi Family / 5 units W Long Term Commercial Tenant and value add options

Marketing description

This unique building end caps the leading Bridge Street corridor into the highly vibrant downtown district of Owatonna. Endless opportunities to improve or simply enjoy an established cash long term proven cash flow.

Investment highlights

Hard to find opportunity, This building has not been on the open market for over 50 years. Consits of Five refreshed Multi Family upper-level living units with long term tenant history. Stabilized Main level quick service food tenant. Value add opportunity to finish off majority of main level office or retail on most prominent corner of highest visibility intersection of Owatonna.

This unique building end caps the leading Bridge Street corridor into the highly vibrant downtown district of Owatonna. Endless opportunities to improve or simply enjoy an established cash long term proven cash flow.

Listing Contacts

DS
MN 40929303
Stadheim Properties
Listed by Stadheim Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,078.00
$2,756.50/mo

Valuation Metrics

0
DSCR
8.73%
Cap Rate
8.73%
ROI

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Additional Information

Name
John A. Spitzack
License
20443219
Title
Broker of Record
Name
Darrin Stadheim
License
40929303
Brokerage
Diversified Property Management Services LLC
Brokerage Phone
5074561471
Title
President, Operations
Brokerage Address
1330 State Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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