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$600,000 For Sale

703 W Main Street
Paynesville, MN 56362

17 units |

lot: 1.48 acres
Commercial: Commercial - MLS# 4982132
Property Photo

Description

Great investment opportunity to purchase 17 units in Paynesville Minnesota. Very convenient location to the Paynesville Schools and local businesses. Property shows good cash flow and is easily transitioned to a new management team. The current manager is willing to stay onstaff. One, three bedroom unit is in need of a rehab, but all other units are ready to be rented or currently rented.

Features

  • Accessibility: No Stairs External
  • Air Conditioning: Window
  • Annual Gross Expense: 50829.00
  • Annual Gross Income: 108818.00
  • Annual Net Income: 57989.00
  • Appliances: Range, Refrigerator
  • Building Finished Square: 12410
  • County/Area: Stearns County
  • Exterior: Vinyl
  • Foundation Size: 8677
  • Fuel: Electric
  • Heating: Baseboard, Hot Water, Radiant, Boiler
  • Listing Status: Active
  • Lot Dimensions: 450 x 264 x 213 x 311
  • Lot Size: 1.4800
  • MLS ID: RMLS
  • Number Of 1 Bedroom Unit: 13
  • Number Of 2 Bedroom Unit: 1
  • Number Of 3 Bedroom Unit: 3
  • Other Parking Spaces: 17
  • Parking Characteristics: Driveway - Asphalt, Unassigned
  • Postal City: Paynesville (Mn)
  • Property Type: Commercial
  • Sale Includes: Business, Building, Land, Leases
  • School District: 741 - Paynesville
  • Sewer: City Sewer/Connected
  • Sub Type: Commercial
  • Units: 17
  • Water: City Water/Connected
  • Year Built: 1960
  • Zip Code: 56362
  • Zoning: Business/Commercial

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