Homes for sale - 311 Division ST, Millville, MN 55957

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Bradley Bernemann

brad@twincitieshomequest.com +1(612) 382-9009

$925,000

Est. payment - /mo

0.74 Acres Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Town Of Millville

MLS Listing ID 6683502

Year Built 1958

Annual Tax Amount $3,848

Tax Year 2024

Contingent None

Lot Size 0.740 Acres

Acres 0.74

Lot Dimensions 199 x 160

Property Sub-Type Apartment

Property Description

Great Investment Opportunity 12 Unit Apartment building with over $400k In recent Rehab/Updates Done in the past year located just 20 minutes from Rochester and Lake City. 8 units rebuilt from the studs on up including all new wiring, new plumbing, lvp and laminate flooring throughout, updated internet, insulated between units, spray foamed exterior walls, all new kitchens, baths with exhaust fans, fixtures, hvac, wired for mini split units, flooring, lights, and exterior all new windows and siding, common areas have all been updated with paint, flooring and lighting, off street parking , 2 other units fully refinished, On site office and storage area, 2 coin op laundry areas, large flat lot located Zumbro River Valley great recreation area, fishing, tubing, atv/utv riding and hunting. This is as new a building as you can get without building new, This building has excellent rental history and provides great income stream, 9% cap rate!!
Unique opportunity to pick your own tenants!! Excellent Rental History with limited Competition, Tenants enjoy the small town peaceful living.
Call with any questions or to schedule your showing today.

Location

State MN

County Wabasha

Zoning Residential-Multi-Family

Interior

Heating Baseboard

Cooling Window Unit(s)

Inclusions Building

Fireplace No

Exterior

Parking Features Asphalt, Parking Lot

Utilities Available Electric Common, Electric Separate, Heating Separate, Hot Water Common

Roof Type Asphalt

Present Use Residential

Building

Story Two

Foundation 7500

Sewer Septic System Compliant - Yes

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone,Fiber Cement

Schools

School District Plainview-Elgin-Millville

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Listed by Dustin Kanz • Re/Max Results

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Bradley Bernemann

+1(612) 382-9009

Agent | License ID: 40161363

Agent License ID: 40161363

311 Division ST Millville, MN 55957

Bradley Bernemann

Key Details

Location

Interior

Exterior

Building

Schools

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