For Sale: Owatonna MLS# 6678627
Active
$198,000
Multi-family: Duplex Up and Down
Built 1885
2,538 sqft • 0.25 acres
Owatonna schools
MLS# 6678627
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Property Description
Income-Producing Property in the Heart of Owatonna! A Historic Gem with Recent Upgrades!
Located in the heart of Owatonna, this charming income-producing property offers an exceptional opportunity for investors or first-time buyers. Blending historic character with modern updates, this property is ready to deliver steady income with minimal maintenance.
The main floor unit has been thoughtfully updated, featuring a new roof (2022), energy-efficient windows (2023), brand new HVAC, fresh paint, and spacious bedrooms with daylight windows, ensuring long-term durability and appeal. The property also includes central air, and a brand-new deck (2024) adding to the comfort of tenants. The historic architecture shines through with unique details that lend the property its timeless charm. The upstairs unit can be rented as-is or remodeled to increase income potential, offering flexibility for the new owner.
With an excellent rent history and a prime location, this is an investment opportunity you won't want to miss. Own a piece of Owatonna's rich history while generating reliable income!
Contact us today for a private tour or more details!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$198,000
Price per sq ft:
$78
Property Type:
Multi-family
City:
Owatonna
Garage Spaces:
3
County:
Steele
Year Built:
1885
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55060
Subdivision Name:
Original Town
Interior
Finished Area:
2,538 ft2
Living Area:
2,538 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Full
- Single Tenant Access
- Stone/Rock
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
800 ft2
Foundation Size:
1,403 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Other
Parking Features:
- Concrete
- Detached
- Gravel
- Shared Driveway
Shared Amenities:
Deck
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.25
Geolocation:
44.081233, -93.228902
Lot Dimensions:
82.5 x 82.5
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Schools
School District:
761
District Phone:
507-444-8610
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,934
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,062
Income
Annual Gross Income:
None
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 Berkshire Hathaway Advantage Real Estate.
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.