For Sale: Waverly MLS# 6789416
Active
NEW!
$480,000
Commercial: Apartments
Built 1928
0.11 acres
Howard Lake-Waverly-Winst schools
MLS# 6789416
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Property Description
Solid investment opportunity with this 6-unit apartment building in Waverly. The property is fully rented, producing $6, 700 in monthly rent, and offers a strong, stable rental history. Units are well maintained, and recent updates include a roof with warranty and tuckpointed brick exterior.
Additional features include a shared coin-operated laundry room for tenant convenience and supplemental income. Photos of all units are included in the listing, and complete financials are provided in the supplements for buyer review.
The seller also owns the neighboring duplex and a mixed-use building with one apartment and a commercial space, for a total of 10 units all next door to each other. Preference is to sell as a package, though individual sales will be considered.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$480,000
Property Type:
Commercial
City:
Waverly
Garage Spaces:
0
County:
Wright
Year Built:
1928
State:
MN
Property Style:
Apartments
Zip Code:
55390
Subdivision Name:
Original Waverly
Exterior
Garage Spaces:
0
Other Parking Spaces:
12
Foundation Size:
2,500 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
Gravel
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.11
Geolocation:
45.066837, -93.967971
Inclusions:
Building
Lot Dimensions:
3833
Zoning:
Residential-Multi-Family
Schools
School District:
2687
District Phone:
320-543-3521
Expenses
Annual Gross Expense:
$31,047
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,906
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,906
Income
Annual Gross Income:
$76,380
Rent
Annual Net Income:
$45,333
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Lifecycle Real Estate Services.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.