409 Elm Ave, Waverly, MN 55390 - MLS#6789416

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Nick Leavy

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

$480,000

Est. payment - /mo

4,791 Sqft Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Subdivision Original Waverly

MLS Listing ID 6789416

Year Built 1928

Annual Tax Amount $3,906

Tax Year 2024

Contingent None

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 3833

Property Sub-Type Apartment

Property Description

Solid investment opportunity with this 6-unit apartment building in Waverly. The property is fully rented, producing $6,700 in monthly rent, and offers a strong, stable rental history. Units are well maintained, and recent updates include a roof with warranty and tuckpointed brick exterior.

Additional features include a shared coin-operated laundry room for tenant convenience and supplemental income. Photos of all units are included in the listing, and complete financials are provided in the supplements for buyer review.

The seller also owns the neighboring duplex and a mixed-use building with one apartment and a commercial space, for a total of 10 units all next door to each other. Preference is to sell as a package, though individual sales will be considered.

Location

State MN

County Wright

Zoning Residential-Multi-Family

Interior

Heating Baseboard, Forced Air

Inclusions Building

Fireplace No

Exterior

Parking Features Gravel

Utilities Available Electric Separate

Present Use Residential

Building

Foundation 4536

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District Howard Lake-Waverly-Winsted

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Listed by Trent Thies • Lifecycle Real Estate Services

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