For Sale: Spring Valley MLS# 6686441
Active
$60,000
Commercial: Apartments/Retail
Built 1890
0.05 acres
Kingsland schools
MLS# 6686441
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Property Description
Great downtown investment opportunity. 1, 800 sq. ft. commercial space with two 1 bedroom apartments on the second floor. Delivery door on back of main level. Two new furnaces in each apartment as of 1/15/2025.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$60,000
Property Type:
Commercial
City:
Spring Valley
Garage Spaces:
0
County:
Fillmore
Year Built:
1890
State:
MN
Property Style:
Apartments/Retail
Zip Code:
55975
Subdivision Name:
Spring Valley Original
Interior
Ceiling Height:
Less Than 8 Feet
Ranges:
Two
Refrigerators:
Two
Appliances Included:
- Gas Water Heater
- Range
- Refrigerator
Basement Details:
- Drainage System
- Full
- Stone/Rock
- Sump Pump
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Garage Door Height:
0
Garage Door Width:
0
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
1,800 ft2
Foundation Dimensions:
20x90
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Forced Air
- Other
Parking Features:
- On-Street Parking Only
- Paved
Road Frontage:
- City Street
- Curbs
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
- Brick/Stone
- Metal Siding
- Stucco
Roof Details:
- Age Over 8 Years
- Metal
- Pitched
Lot & Land
Acres:
0.05
Geolocation:
43.687254, -92.390616
Inclusions:
Building
Lot Dimensions:
90X22
Zoning:
Business/Commercial
Farm
Topography:
Flood Plain, Level
Schools
School District:
2137
District Phone:
507-346-7276
Expenses
Annual Caretaker Expense:
$300
Annual Electric Expense:
$1,200
Annual Fuel Expense:
$1,800
Annual Insurance Expense:
$2,808
Annual Maintenance Expense:
$3,000
Annual Gross Expense:
$10,558
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$1,200
Tenant Expenses:
Cable TV
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$878
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$878
Income
Annual Gross Income:
$22,800
Rent
Annual Net Income:
$12,242
Units
Total Units:
3
Miscellaneous
Current Use:
Vacant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Coldwell Banker River Valley,.
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.