$240,000

9 & 15 Schmitz StreetAdams, MN 55909

Type: Multi-Family

4 Units

Description

Discover a prime investment opportunity with this 4-plex located in Adams. This versatile property features a mix of residential units designed for easy living and consistent rental income. Included is a 3-bedroom house, 2 – 1 bedroom efficiency apartments and a 2-bedroom apartment. Each unit boasts its own garage space, ensuring parking and storage for each unit. Tenants will also enjoy backyard patio spaces. This property offers the essential amenities for straightforward living, making it an attractive option for prospective renters and an excellent addition to any real estate portfolio.

MLS ID: 6596415

Directions: From Highway 56 traveling East, turn onto Schmitz St. Property is on the corner of Schmitz St and Highway 56.

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Property Details

Essential Details

MLS #: 6596415

Listing courtesy of: Dwell Realty Group LLC

Price: $240,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Total Units: 4

Annual Gross Income: $28,200

Operating Expense: $8,950

Annual Gross Expense: $8,950

Annual Manager Expense: $2,396

Annual Insurance Expense: $2,384

Annual Maintenance Expense: $2,230

Annual Other Expense: $2,362

Annual Annual Expense: $558

Annual Water/Sewer Expense: $1,246

Tenant Pays: Electricity

Owner Pays: Sewer, Trash Collection

Parking Features: Attached Garage

Garage SqFt: 1524

Garage Spaces: 5

Building Details

Owner Occupied: No

Finished SqFt Total: 3,849

Finished Above Grade: 3,449

Finished Below Grade: 400

Fireplace: No

Construction Materials: Brick/Stone, Steel Siding

AccessibilityFeatures: None

Roof: Metal

Heating: Boiler, Forced Air

Electric: Circuit Breakers

Style: Quadruplex

Foundation Area: 3,305

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Number of Ranges: Four

Number of Refrigerators: Four

Lot Details

Lot Dimensions: .31

Road Frontage: City Street

School Information

District: Southland

District Number: 500

District Phone: 507-582-3283

Community Information

County: Mower

Taxes

Tax Year: 2024

Tax Amount: $5,180

Assessment Pending: Yes

Taxes w/Assessments: $6,664

This listing was last updated by Dwell Realty Group LLC on 11/7/2024 at 3:46 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 12/4/2024 3:05 am.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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