1601 5th Street SW

Willmar, MN 56201 View Map $727,500 Ask a Question
Acres0.5
Year1974
1601 5th Street SW Willmar, MN 56201 | MLS 6463554 Photo 1
1601 5th Street SW Willmar, MN 56201 | MLS 6463554 Map

Kris Lindahl Real Estate

(763) 347-2956

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Status: Sold
Property Type:Commercial Sale
MLS #:6463554
Date Sold:1/4/2024
Lot Size:0.5 Acres
County:Kandiyohi
Add this apartment to your Portfolio. Low Maintenance and currently professionally managed. Units are super clean and spotlessly meticulously maintained. If you have a 1031 exchange that needs a home this is the one.
12 Units 1 One Bedroom and 11 two Bedrooms 8 Individual Garage places. Currently 55 + Apartment Living.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
1/4/2024$780,000$727,500-6.7%

Community Information

Address:1601 5th Street SW, Willmar, MN 56201
County:Kandiyohi
City:Willmar
School District:Willmar
Subdivision:Scandia Terrace Add
Zip Code:56201

Features / Amenities

Appliances: Range, Refrigerator, Tankless Water Heater, Water Softener Owned
Garage Dimensions: 22x82(1804 sq.ft.)
Garage Door: 8 ft. wide X 7 ft. tall
Cooling: Wall Unit(s)
Heating: Baseboard, Boiler
Fuel: Natural Gas

Property Features

Lot Size: 0.5 Acres
Lot Dimensions:120x183
Lot Features: Public Transit (w/in 6 blks)
Topography: Level
Utilities: Electric Separate, Heating Common, Hot Water Common
Sewer: City Sewer/Connected, City Sewer - In Street
Water: City Water/Connected
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Zoning:Residential-Multi-Family
Directions:19th Ave SW to 15th St SW to building

Tax and Financial Info

Sale Includes: Building, Fixture/Equipment, Leases, Rental License
Tax Year: 2023
Tax Annual Amount: $9,142
Water / Sewer Expense: $7,754
Fuel Expense: $6,248
Insurance Expense: $5,775
Manager Expense: $1,560
Trash Expense: $1,800
Gross Income: $103,140
Net Income: $47,264
Association Amenities: Coin-op Laundry Owned, Patio

Schools

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Listing Information Last Updated 3/4/2024
Listing provided courtesy of Edina Realty.
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