117 State St S, Waseca, 56093

Commercial - Apartments/Multi Family For Sale

$1,150,000

Beds
Baths
1Sqft
.09Acres
1883Built
23DOM
MLS® #: 5502920
Active, 23 Days on Market

Turn key 26 unit portfolio with serious value add opportunity. Part of 26 unit Portfolio (117 S. State St., 516 3rd St NE, 509 4th St. NE & 512 3rd St. NE) Located right in mainstream downtown Waseca. All necessary work has been done for the properties to perform and remain leased. Buyer would have access to serious rent increases through modest renovations. rents are currently $100-$200 below for the area. Portfolio is priced to sell.

Essential Information

MLS® #: 5502920
Price: $1,150,000
Square Footage: 1
Acres: 0.09
Year Built: 1883
Type: Commercial
Sub-Type: Apartments/Multi Family
Style: Apartments/Multi Family
Status: Active
Total Units: 12

Community Information

Address: 117 State St S
City: Waseca
County: Waseca
State: MN
Zip Code: 56093

Amenities

Utilities: Heating Common, Electric Separate, Hot Water Common
Garages: On-Street Parking Only

Interior

Appliances: Refrigerator, Range
Heating: Baseboard, Hot Water
Cooling: Window

Exterior

Exterior: Brick/Stone
Roof: Flat
Foundation: 1

School Information

District: 829 - Waseca

Additional Information

Date Listed: March 10th, 2020
Days on Market: 23
Zoning: Residential-Multi-Family
Current Use: Other

Listing Details

Listing Office: Lion Rock Properties

Financials

$/SqFt: $1,150,000

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509 3rd St Ne, Waseca, MN

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Turn Key 26 Unit Portfolio With Serious Value Add Opportunity. Part Of 26 Unit Portfolio (117 S. State St., 516 3rd St Ne, 509 4th St. Ne & 512 3rd St. Ne) Located Right In Mainstream Downtown Waseca. All Necessary Work Has Been Done For The Properties To P...

Lion Rock Properties

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Listing information last updated on April 2nd, 2020 at 2:35am CDT.