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Young America,MN 55397
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,098 sqft
Price per Sqft $143
Subdivision City Lts Of Young America
MLS Listing ID 6699747
Bedrooms 12
Year Built 1911
Annual Tax Amount $8,768
Lot Size 7,800 Sqft
Property Description
This property was built in 1911 with many recent improvements including a new roof in 2019 & all 6 units renovated in the last 3 years. One building features 6 two-bedroom apartments with the other building featuring one retail property, currently the laundromat is owned by the Landlord. The two-parcel offering includes ample Class IV gravel off-street parking in the rear of each respective building. Each unit is separately metered for gas and electric, making expenses relatively low for this investment. The residential building has new boilers (2025). The property has a strong rental history and is 100% occupied.
The landlord has successfully renovated all units along with rent increases per year of 7%-10% since purchasing the building in 2020, making this acquisition a solid-performing asset in a growing community with little to no competition.
Location
State MN
County Carver
Community City Lts Of Young America
Zoning Business/Commercial
Interior
Heating Baseboard,Radiator
Cooling Window Unit(s)
Flooring Vinyl Plank
Exterior
Parking Features Paved Lot
Utilities Available Electric Separate,Heating Separate
Roof Type Age 8 Years or Less
Building
Lot Description Corner Lot,Tree Coverage - Light,Underground Utilities,Zero Lot Line
Foundation Other
Water City Water/Connected
Structure Type Block