For Sale: Wells MLS# 7016268
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Property Description
10-unit apartment building for sale, stand alone building in Wells, MN. Self-sustained asset with recent improvements and improved tenancy. 2 studios, 4 single bedrooms, 4 two-bedrooms units. Owner laundry: washer and dryer - not coin operated. Unfinished basement used for storage and supplies. Other rental storage spaces for future opportunity. On street parking. 1 vacancy of a 2-bedroom unit currently being remodeled. Great opportunity for long tern or short term lease.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$365,000
Property Type:
Commercial
City:
Wells
Garage Spaces:
0
County:
Faribault
Year Built:
1948
State:
MN
Property Style:
2 Stories
Zip Code:
56097
Subdivision Name:
Village/Wells
Interior
Basement Details:
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
3,481 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Boiler
- Forced Air
Parking Features:
On-Street Parking Only
Road Frontage:
- City Street
- Paved Streets
Pool:
None
Roof Details:
- Flat
- Rubber
Lot & Land
Acres:
0.16
Geolocation:
43.745431, -93.727235
Inclusions:
Building, Leases
Lot Dimensions:
70 x 100
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
1041
District Phone:
5075533134
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,334
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,334
Income
Annual Gross Income:
$58,249
Units
Total Units:
10
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
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 RE/MAX Results.
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.