$1,150,000

509-512 3rd St NE

Waseca MN, 56093

Description

Turn key 26 unit portfolio with serious value add opportunity. Part of 26 unit Portfolio (117 S. State St., 516 3rd St NE, 509 4th St. NE & 512 3rd St. NE) Located right in mainstream downtown Waseca. All necessary work has been done for the properties to perform and remain leased. Buyer would have access to serious rent increases through modest renovations. rents are currently $100-$200 below for the area. Portfolio is priced to sell. Buyer compensation for successful sale to be paid by buyer party to buyer agent, not paid by seller.

Details

MLS#5503022
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1967
Days On Site18

Features

SQ Feet1
Story(s)1
Units12
ZoningResidential-Multi-Family

Market Activity 56093

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Area Information

StateMN
CountyWaseca
CityWaseca
Zip Code56093
AreaWaseca (MN)
Listing VS Median (in 56093)
Price:
$1,150,000
low | high
Med:
$174,900
100% of Average
SqFt:
1
low | high
Med:
2,489
100% of Average
$ / SqFt:
$1,150,000
low | high
Med:
$85
100% of Average
On Site:
18
low | high
Med:
75
24% of Average
Listing Updated: 03/27/2020
MLS Number: 5503022
Listing Provided By:
Alexander Gruye  of  Lion Rock Properties
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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