407 Elm AVE, Waverly, MN 55390 - MLS#6789415

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Nick Leavy

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

$199,000

Est. payment - /mo

3,920 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Original Waverly

MLS Listing ID 6789415

Year Built 1898

Annual Tax Amount $1,866

Tax Year 2024

Contingent None

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 0.085

Property Sub-Type Mixed Use

Property Description

Mixed-use building in Waverly featuring one apartment and one commercial space, both leased to long term tenants. This property provides stable income with the benefit of residential and commercial diversification. The aparment has a 2 stall garage along with laundry in the unit. Total monthly rent is $2,350. Financials attached in the supplements.

Located directly next to the seller's 6-plex and duplex, this property can be purchased individually or as part of a 10-unit portfolio all next door to each other. A rare chance to acquire multiple income-producing buildings in one location.

Location

State MN

County Wright

Zoning Business/Commercial

Interior

Heating Forced Air

Inclusions Building

Fireplace No

Exterior

Parking Features Detached, Asphalt

Garage Spaces 2.0

Utilities Available Electric Separate, Heating Separate

Present Use Commercial,Residential

Building

Foundation 1100

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick Veneer

Schools

School District Howard Lake-Waverly-Winsted

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Listed by Trent Thies • Lifecycle Real Estate Services

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