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$399,900

9 Beds 6 Baths 0 SQFT 0.30 Acres
Type: Commercial

805 S Cedar Avenue
Owatonna, MN 55060

MLS#: 7106242
Michelle Moen
Michelle Moen
The Real Estate Advantage
Agent
Phone: 612.708.2789
Office: 952.226.7700
Presented by: RE/MAX Advantage Plus

Property Description

 

Don't miss this opportunity to acquire a six-unit apartment building in Owatonna. This well-maintained property offers stable in-place cash flow and has seen numerous recent capital improvements. Recent Property Updates include new flooring throughout many units, fresh interior paint, all bathrooms updated, newer boiler system. 6 Residential Units with 5 of them currently occupied. Working on getting the 6th unity filled. Tenants pay electricity; landlord pays gas and water/sewer. Need 24 hour notice for all showings.


 

Interior Features

Bedrooms

Total Bedrooms9

Bathrooms

Total Baths6

Other Interior Features

Basement (Y/N)No
FuelNatural Gas
Garage Square Feet560

General

AccessibilityNone
Additional Parcels Y/NNo
CityOwatonna
ContingencyNone
CountySteele
Current UseResidential
DirectionsFrom 35 exit Bridge St and go East. Take a right onto S Cedar Ave.
Garage Spaces2
HeatingForced Air
High School DistrictOwatonna
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total6
PostalCityOwatonna
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NamePhelps Add
Tax Annual Amount$5,474
Tax Year2026
UtilitiesNone Available
Year Built1896
Zoning DescriptionResidential-Multi-Family

Exterior

Foundation Area1,057 sqft
InclusionsBuilding
Lot Dimensionscommon
Lot Size Area0 sqft
Parking FeaturesDetached Garage
Water SourceCity Water - In Street
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$399,900

9 Beds 6 Baths 0 SQFT 0.30 Acres
Type: Commercial

805 S Cedar Avenue
Owatonna, MN 55060

MLS#: 7106242
Michelle Moen
Michelle Moen
The Real Estate Advantage
Agent
Phone: 612.708.2789
Office: 952.226.7700