For Sale: Litchfield MLS# 6748256
Active
NEW!
$299,900
Commercial: Apartments
Built 1900
0.2 acres
Litchfield schools
MLS# 6748256
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Property Description
Investors!! Enjoy instant cash flow on this 6 unit property. Main floor has 2, 2 bedroom units. Up has 2, 1 bedroom units, and down has 2, 1 bed units. Incredibly high absorption rate! 3 stall garage for storage. Off street parking! Many new windows and new boiler! Listed to easily clear the 1% rule. Units 4 and 6 are currently month to month. Potential office unit with great location!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$299,900
Property Type:
Commercial
City:
Litchfield
Garage Spaces:
3
County:
Meeker
Year Built:
1900
State:
MN
Property Style:
Apartments
Zip Code:
55355
Interior
Ranges:
Six or More
Basement Details:
Finished
Exterior
Stories:
Two
Garage Spaces:
3
Other Parking Spaces:
4
Air Conditioning:
None
Foundation Size:
2,964 ft2
Foundation Dimensions:
1
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Asphalt
- Detached
- Parking Lot
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.2
Geolocation:
45.1289, -94.5261
Inclusions:
Building, Fixture/Equipment, Land
Lot Dimensions:
76 x 115
Zoning:
Residential-Multi-Family
Lot Description:
Many Trees
Schools
School District:
465
District Phone:
320-693-2444
Expenses
Annual Fuel Expense:
$1,437
Annual Insurance Expense:
$2,500
Annual Gross Expense:
$9,685
Annual Trash Expense:
$756
Annual Water/Sewer Expense:
$1,672
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,320
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,178
Income
Annual Gross Income:
$53,820
Rent
Annual Net Income:
$41,929
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Elevate Realty LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.