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

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UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 4,791 sqft

Price per Sqft $100

Subdivision Original Waverly

MLS Listing ID 6789416

Year Built 1928

Annual Tax Amount $3,906

Acres 0.11

Lot Dimensions 3833

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

Community Original Waverly

Zoning Residential-Multi-Family

Direction Take Elm Ave and Building will be on the South. You can also Take Atlantic Ave and park in the back parking lot.

Interior

Heating Baseboard, Forced Air

Flooring 4791.6

Exterior

Parking Features Gravel Lot

Utilities Available Electric Separate

Accessibility None

Building

Foundation Concrete Block

Water City Water/Connected

Others

Senior Community No

Tax ID 116010019081

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Listed by Lifecycle Real Estate Services

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