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