Blue Earth, MN 56013,905 E 5th ST

$275,000

Est. payment /mo

$282,500

2.7%
Est.Price: ?

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905 E 5th ST Blue Earth, MN 56013

0.59 Acres Lot

SOLD DATE : 12/28/2018

Key Details

Sold Price $275,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 5017830

Year Built 1955

Annual Tax Amount $2,674

Tax Year 2017

Lot Size 0.590 Acres

Property Description

Premier investment opportunity! The Oaks Apartments include 11 units. Vacancies are low. Income is steady. The cap rate is 11.69%. That includes a 5% vacancy rate. Start earning a return on your investment immediately!

Location

State MN

County Faribault

Zoning Residential-Multi-Family

Interior

Heating Forced Air

Cooling Central Air

Exterior

Garage Open

Utilities Available Electric Separate, Heating Separate, Hot Water Common

Roof Type Age Over 8 Years,Metal,Pitched

Building

Lot Description Corner Lot, Tree Coverage - Light

Foundation 6070

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone,Metal Siding,Wood Siding

Schools

School District Blue Earth Area Schools

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Listed by Kevin Goettl • RE/MAX Results

Jason Lange

Agent | License ID: 20457477

+1(612) 247-7593

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