7874 365th Street Way, Cannon Falls, 55009

REDUCED 2% Commercial - Apartments and Retail, Business Opportunity, Apartments/Multi Family, Low Rise For Sale

$559,500

Beds
Baths
6,124Sqft
2Acres
9Garages
1955Built
24DOM
MLS® #: 5205202
Active, 24 Days on Market

Absentee-owned, 100% occupied, cash-flowing, opportunity in great rental market. Located 30 mins south of St Paul and 30 mins north of Rochester, the Cannon Country Apts and Self-Storage is perfectly positioned for tenants working in either location. The property has frontage on US HWY 52. The complex features 11 res rentals, 1 com rental (currently used as leasing office), and 9 storage. The on-site caretaker has a lot of pride and has runs the operation well. Current caretaker will be transitioning. New manager will be in place, however. Current caretaker/manager will assist with transition. Lots to see here. No drive-bys. Turn-Key operation! Priced at approx. 12.3% cap.

Essential Information

MLS® #: 5205202
Price: $559,500
Square Footage: 6,124
Acres: 2.00
Year Built: 1955
Type: Commercial
Sub-Type: Apartments and Retail, Business Opportunity, Apartments/Multi Family, Low Rise
Style: Apartments and Retail, Business Opportunity, Apartments/Multi Family, Low Rise
Status: Active

Community Information

Address: 7874 365th Street Way
City: Cannon Falls
County: Goodhue
State: MN
Zip Code: 55009

Amenities

# of Garages: 9
Garages: Uncovered/Open, Driveway - Gravel, Driveway - Asphalt

Interior

Heating: Forced Air
Cooling: Wall

Exterior

Exterior: Wood
Roof: Age 8 Years or Less
Foundation: 6124

School Information

District: 252 - Cannon Falls

Additional Information

Date Listed: March 28th, 2019
Days on Market: 24
Zoning: Business/Commercial
Current Use: Residential, Commercial, Hotel/Motel

Listing Details

Listing Office: Ferndale Realty

Financials

$/SqFt: $91

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kris Lindahl - Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Kris Lindahl - Real Estate is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Kris Lindahl - Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

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Listing information last updated on April 22nd, 2019 at 8:35am CDT.