$274,900

605 2nd Avenue NEStewartville, MN 55976

Type: Multi-Family

2 Units

Description

Welcome to this lucrative opportunity in the heart of Stewartville, Minnesota. This well-maintained duplex offers a prime investment opportunity with each unit featuring 2 bedrooms, 1 bathroom, and a fully equipped kitchen. Ideal for both rental income and future appreciation, this property boasts a consistent cash flow for its current owners. Coin operated washer and dryer add additional income. Current tenants are month to month but have been at the property for over two years without a rent increase! Updated flooring, new roof in 2016, updated exterior/gutters in 2018. Reach out today for a tour of this great property!

MLS ID: 6566259

Directions: 63 to 6th Street NE (East) to 2nd Avenue NE (North) to home on the left.

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Property Details

Essential Details

MLS #: 6566259

Listing courtesy of: Engel & Volkers - Rochester

Price: $274,900

Type: Multi-Family

Contingency: Inspection

Foreclosure: No

Zoning: Residential-Multi-Family, Residential-Single Family

Total Units: 2

Annual Gross Income: $22,522

Operating Expense: $402

Annual Gross Expense: $402

Annual Annual Expense: $402

Tenant Pays: All Utilities

Owner Pays: Grounds Care, Trash Collection

Parking Features: Attached Garage, Concrete

Garage SqFt: 308

Garage Spaces: 1

Building Details

Owner Occupied: No

Finished SqFt Total: 1,794

Finished Above Grade: 944

Finished Below Grade: 850

Fireplace: No

Construction Materials: Wood Siding

AccessibilityFeatures: None

Roof: Age 8 Years or Less

Heating: Forced Air

Electric: Circuit Breakers

Style: Duplex Up and Down

Foundation Area: 944

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Number of Ranges: Two

Number of Refrigerators: Two

Lot Details

Complex/Dev/Sub Name: Riverside Add

Lot Dimensions: 60x150

Fence: Partial

Road Frontage: City Street

School Information

District: Stewartville

District Number: 534

District Phone: 507-533-1438

Community Information

County: Olmsted

Survey Range: 14

Survey Section: 34

Survey Township: 105

Taxes

Tax Year: 2023

Tax Amount: $3,082

Assessment Pending: No

Taxes w/Assessments: $3,082

This listing was last updated by Engel & Volkers - Rochester on 8/31/2024 at 10:44 am.

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 9/7/2024 10:05 pm.

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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