315 Broadway Street Contingent Save Request In-Person Tour Request Virtual Tour
Cleveland,MN 56017
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Contingent
Purchase Type For Sale
Subdivision Mn
MLS Listing ID 7036001
Style Concrete Block,Frame/Wood,Poured Concrete
Year Built 1950
Annual Tax Amount $2,082
Tax Year 2024
Contingent Contingence Due Dilligence on Financials and Structure.
Property Description
Great investment opportunity! This building has three apartments, all 3 have been completely remodeled within the last year.The first apartment is 3 bedrooms, one bath on the second floor with current rent at $1100 per month. The second apartment is also on the second floor with three bedrooms, one bath currently $1000 per month. The third apartment is on the main floor and has two bedrooms and is currently $900 permonth. The main floor features a laundromat that averages $500 - $800 monthly income. There is opportunity for increases to market rate for rent as well as storage space in the basement and the possiblity to convert the other half of the laundromat to retail space. Apartments have control of their own heat, and could use locked thermostats to lower monthly gas bills. Potential increases of over $1,000 per month with little capital invested. Electrical averages around $4 per day, Water bill is consistently $250/Month and Garbage is $40/Month
Location
State MN
County Le Sueur County
Area St. Peter/Kasota/Cleveland
Multi-Unit Info
Total Units 4
Interior
Heating Boiler
Exterior
Exterior Feature Metal
Garage Tuckunder Garage
Garage Description Tuckunder Garage
Waterfront No
Roof Type Flat
Parking Type Tuckunder Garage
Building
Foundation 1920
Sewer City
Water City
Structure Type Concrete Block,Frame/Wood,Poured Concrete
Schools
School District Cleveland #391
Others
Energy Description Natural Gas