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Active
$425,000
/mo Edit
Commercial:  Apartments
Built 1915
0.13 acres
Waconia schools
MLS# 6627984
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    Property Description

    Lucrative opportunity to invest in New Germany! 100 State Avenue is a 5 unit residential building that had complete interior renovation in 2010. Check out the interior pictures! Kitchens, bathrooms, electric, plumbing, flooring, doors, door jambs, WINDOWS, door and window frame molding. Separate forced air HVAC and separate electric and gas meters. Future expansion or storage space of 450 square feet on main level. Room for 12 parked cars. Slab for 2 car garage already there plumbed for future heated floor! Side yard with room for communal garden. This property is adjacent to the Dakota Rail Regional Trail. Amazing location. Amazing views. Come with siding ideas and watch your equity grow!

    Listing

    Contingency: None
    City: New Germany
    County: Carver
    State: MN
    Property Style: Apartments
    Zip Code: 55367
    Subdivision Name: City Lts Of New Germany

    Interior

    Ceiling Height: 8-10
    Ranges: Five
    Refrigerators: Six or More
    Appliances Included:
    • Dishwasher
    • Electric Water Heater
    • Microwave
    • Range
    • Refrigerator
    • Water Softener Owned
    Basement Details: Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 12
    Air Conditioning: Central Air
    Foundation Size: 3,770 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Gravel
    • Parking Lot
    Unit Amenities:
    • Hardwood Floors
    • Kitchen Window
    • Tile Floors
    Exterior Material:
    • Steel Siding
    • Stucco
    • Wood Siding

    Lot & Land

    Acres: 0.13
    Geolocation: 44.884269, -93.970748
    Inclusions: Building, Leases
    Lot Dimensions: 135 x 133
    Zoning: Residential-Multi-Family

    Schools

    School District: 110
    District Phone: 952-442-0600

    Expenses

    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $5,250
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $6,262

    Income

    Annual Gross Income: $53,760

    Units

    Total Units: 5

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer - In Street
    Available Utilities:
    • Electric Separate
    • Hot Water Separate
    Water System: City Water - In Street

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.