For Sale: Milaca MLS# 6735485
Active
NEW!
$469,000
Commercial: 2 Stories
Built 1941
0.25 acres
Milaca schools
MLS# 6735485
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Property Description
Turnkey 6-Unit Investment Property. Rock-solid concrete construction + long-lasting metal roof = low maintenance and peace of mind. This well-maintained 6-unit apartment building sits in a quiet, desirable area with strong rental demand. Each unit offers stable cash flow, and shared coin-operated laundry adds bonus income. Convenient location close to shops and schools.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$469,000
Property Type:
Commercial
City:
Milaca
Garage Spaces:
4
County:
Mille Lacs
Year Built:
1941
State:
MN
Property Style:
2 Stories
Zip Code:
56353
Subdivision Name:
Second Add To Milaca
Interior
Ranges:
Six or More
Refrigerators:
Six or More
Exterior
Stories:
Two
Garage Spaces:
4
Garage Dimensions:
22x44
Garage Size:
968 ft2
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
2,736 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
Parking Features:
- Detached
- No Int Access to Dwelling
Shared Amenities:
None
Road Frontage:
Paved Streets
Exterior Material:
Metal Siding
Roof Details:
- Age Over 8 Years
- Metal
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.25
Geolocation:
45.758986, -93.653662
Inclusions:
Building, Land, Leases
Lot Dimensions:
0
Zoning:
Residential-Multi-Family
Schools
School District:
912
District Phone:
320-982-7210
Expenses
Annual Gross Expense:
$21,071
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,678
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,678
Income
Annual Gross Income:
$47,139
Rent
Annual Net Income:
$26,067
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Edina Realty, Inc..
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.