$315,000

0 Beds 0 Baths 6,962 SQFT 0.16 Acres

Type: Commercial

10 1st Avenue NW
Wells, MN 56097

MLS#: 7016268

Angel Rangel Chavez

The Real Estate Advantage

Real Estate Agent

Phone: 651.253.7936

Office: 651.272.4688

Visit Website

Presented by: RE/MAX Results

Property Description

10-unit apartment building for sale, stand alone building in Wells, MN. Self-sustained asset with recent improvements and improved tenancy. 2 studios, 4 single bedrooms, 4 two-bedrooms units. Owner laundry: washer and dryer - not coin operated. Unfinished basement used for storage and supplies. Other rental storage spaces for future opportunity. On street parking. 1 vacancy of a 2-bedroom unit currently being remodeled. Great opportunity for long tern or short term lease.

Interior Features

Other Interior Features

BasementStorage Space, Unfinished

Basement (Y/N)Yes

FuelNatural Gas

Garage Square Feet0

General

AccessibilityNone

Additional Parcels Y/NNo

CityWells

ContingencyNone

CoolingWindow Unit(s)

CountyFaribault

Current UseResidential

DirectionsFrom Mankato, take MN-22 south to I-90 east, exit at MN-22 north toward Wells, then turn right onto 1st Ave NW where 10 1st Ave NW will be on your right.

Garage Spaces0

Gross Income58249

HeatingBaseboard, Boiler, Forced Air

High School DistrictUnited South Central

Land Lease Y/NNo

Lender OwnedNo

LevelsTwo

Lot Size UnitsAcres

New ConstructionNo

Number Of Units Total10

Pool FeaturesNone

PostalCityWells

Property TypeCommercial Sale

RoofFlat, Rubber

SewerCity Sewer/Connected

Standard StatusActive

Subdivision NameVillage/Wells

Tax Annual Amount$6,334

Tax Year2025

Tenant PaysElectricity

TopographyLevel

UtilitiesElectric Separate, Heating Separate, Hot Water Common

Year Built1948

Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total6,962 sqft

FencingNone

Foundation Area3,481 sqft

InclusionsBuilding, Leases

Lot Dimensions70x100

Lot Size Area0 sqft

Parking FeaturesOn-Street Parking Only

Road Frontage TypeCity Street, Paved Streets

Road ResponsibilityPublic Maintained Road

Water SourceCity Water/Connected

Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School N/A

Middle School N/A

High School N/A

Similar Properties

$315,000

0 Beds 0 Baths 6,962 SQFT 0.16 Acres

Type: Commercial

10 1st Avenue NW
Wells, MN 56097

MLS#: 7016268

Angel Rangel Chavez

The Real Estate Advantage

Real Estate Agent

Phone: 651.253.7936

Office: 651.272.4688

Visit Website

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$315,000

10 1st Avenue NW
Wells, MN 56097

Property Description

Interior Features

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$315,000

10 1st Avenue NW
Wells, MN 56097

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$315,000

10 1st Avenue NWWells, MN 56097

Property Description

Interior Features

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$315,000

10 1st Avenue NWWells, MN 56097

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10 1st Avenue NW
Wells, MN 56097

10 1st Avenue NW
Wells, MN 56097