Randy Schwartz
  • Main Photo

905 E 5th Street
Blue Earth, MN 56013

$419,900

44 Total Photos [Click to View All]

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Listing Details

  • $419,900
  • MLS# 7015348
  • Type Commercial - Business
  • Status Active
  • 0.600 acres
    Lot Size
  • 1955
    Year Built
  • Blue Earth Area Schools
    Local Schools
MAP LISTING SHARE

Listed By

Agency Name: RE/MAX Results
Agency Phone: 952-431-2400

Shown By

Agent Name: Randy Schwartz
Agent Phone: (701) 238-2200
Agency Title: Town & Country Realty

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Home Value Estimate

Description

The Oaks Apartments are located in an Opportunity Zone. The Oaks offers a 9.1 Cap Rate, a 5.4 GRM, 10% Cash on Cash 1st year with a 1.25 DSCR loan at a 51% operating expense ratio. There are eleven units with a mix of two studio, three one bedroom, five two bedroom, and one three bedroom apartments. The units are well maintained with all repair and maintenance issues addressed promptly and professionally. The Oaks Apartments offers a low vacancy and turn over rate. There are a few legacy tenants. There is plenty of parking for residents and guests. The coin operated washer and dryer on site are owned by the seller and included in the sale....read more

Features

  • Heating: Forced Air
  • Taxes: $4,410
  • Water: City Water/Connected
  • Year Built: 1955
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Listed By

Agency Name: RE/MAX Results
Agency Phone: 952-431-2400

Shown By

Agent Name: Randy Schwartz
Agent Phone: (701) 238-2200
Agency Title: Town & Country Realty

IDX logo

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