For Sale: Sherburn MLS# 6655048
Active
$880,000
Commercial: Apartments
Built 1975
1.32 acres
Martin County West schools
MLS# 6655048
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Property Description
The Village Apartments in Sheburn is a fully occupied, well managed, meticulously maintained, stabilized investment opportunity. This sixteen unit complex consists of two buildings. Each building has seven two bedroom apartments and one one bedroom apartment. Both buildings have dual 100 gallon electric water heaters.
Each building has a common laundry room with a laundry sink and coin operated washer and dryer.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$880,000
Property Type:
Commercial
City:
Sherburn
Garage Spaces:
0
County:
Martin
Year Built:
1975
State:
MN
Property Style:
Apartments
Zip Code:
56171
Subdivision Name:
Coopers 2nd Sub
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Dryer
- Range
- Refrigerator
- Washer
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
24
Air Conditioning:
Wall Unit(s)
Foundation Size:
6,720 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
- Asphalt
- Assigned
- Open
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
Cable
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Storm Sewer
- Street Lights
Exterior Material:
- Brick/Stone
- Vinyl Siding
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Lot & Land
Acres:
1.32
Geolocation:
43.657614, -94.72162
Inclusions:
Building, Land
Lot Dimensions:
1.32 ACRES
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
2448
District Phone:
507-728-8276
Expenses
Annual Caretaker Expense:
$4,398
Annual Electric Expense:
$4,664
Annual Fuel Expense:
None
Annual Insurance Expense:
$6,564
Annual Maintenance Expense:
$6,013
Annual Gross Expense:
$38,058
Annual Trash Expense:
$2,928
Annual Water/Sewer Expense:
$13,612
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,564
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,564
Income
Annual Gross Income:
$121,317
Rent
Annual Net Income:
$76,794
Units
Total Units:
16
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Sewer System:
City Sewer/Connected
Available Utilities:
Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
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.