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Sold for $257,000 Sold

466 1st Street SE
Richmond, MN 56368

8 units |

0.61 acre lot
Commercial: Commercial - MLS# 4628716
Property Photo
1/8

Sold

Sold for $257,000 on Oct 14, 2016

Description

Great income opportunity. Nice location and great occupancy history. 8 unit apartment building with 6 garages.

Features

  • Acres: 0.6100
  • Air Conditioning: Window
  • Annual Electric Expense: 1152
  • Annual Fuel Expense: 2979
  • Annual Gross Income: 48160.00
  • Annual Insurance Expense: 5346
  • Annual Trash Expense: 1038
  • Annual Water/Sewer Expen: 3147
  • Building Finished Square: 4400
  • County/Area: Stearns County
  • Exterior: Fiber Board
  • Foundation Size: 2200
  • Fuel: Electric
  • Garage: Detached Garage,Driveway - Asphalt, 6-Car
  • Heating: Baseboard
  • Listing Status: Sold
  • Lot Dimensions: 187 x 142
  • Miscellaneous Monthly In: 540
  • MLS ID: RMLS
  • Number Of 2 Bedroom Unit: 8
  • Other Parking Spaces: 8
  • Parking Characteristics: Detached Garage, Driveway - Asphalt
  • Postal City: Richmond (Mn)
  • Property Type: Commercial
  • Roof: Asphalt Shingles, Pitched, Age Over 8 Years
  • Sale Includes: Building, Land, Fixture/Equipment, Leases
  • School District: 750 - Rocori
  • Sewer: City Sewer/Connected
  • Sold Date: 2016-10-14 00:00:00
  • Sold Price: 257000
  • Sub Type: Commercial
  • Tenant Expenses: Electric, Cable T.v.
  • Units: 8
  • Water: City Water/Connected
  • Year Built: 1956
  • Zip Code: 56368
  • Zoning: Residential-Multi-Family

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