224 Main ST E, Young America, MN 55397 - MLS#6699747

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Nov

Wed

Nov

Thu

Nov

Nick Leavy

nick@ermetro.com +1(612) 236-5331

$875,000

Est. payment - /mo

12 Beds

6 Baths

6,098 SqFt

Save

UPDATED:

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

Acres 0.14

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

Direction West on 212, right on tacoma avenue, left on E Main St. Building is on right side of street.

Interior

Heating Baseboard, Radiator

Cooling Window Unit(s)

Flooring Vinyl Plank

Window Features Double Pane Windows,Insulated Windows

Exterior

Parking Features Paved Lot

Utilities Available Electric Separate, Heating Separate

Roof Type Age 8 Years or Less

Accessibility No Stairs Internal

Building

Lot Description Corner Lot, Tree Coverage - Light, Underground Utilities, Zero Lot Line

Foundation Other

Water City Water/Connected

Structure Type Block

Others

Senior Community No

Tax ID 580510470

Read Less Info

Listed by Bridge Realty, LLC

PICK YOUR CITY