Don't miss the chance to be your own boss by investing in this turn-key, hit the ground running, industry by owning your very own multi-family 4-plex in Elkton, MN. This complex is comprised of 4 apartments with a 3bd, 1 bd, 2bd and 2bd, respectively each with a dedicated parking stall and related garage door remote/opener. In addition, each apartment has off-street parking and there is a common area with hallways and related indoor access to coin operated laundry machines. One of the tenants does the snow shoveling and yard work complementing the work done by a contractor for snow removal on the driveways making for a minimal time commitment for the owners! This property has an excellent rental history with virtually no vacancies and strong tenants, one of 15+ years. Annual revenues are north of $30k with free cash flows of $20,211 annually.
Off market
Price Unknown
114 Main St, Elkton, MN 55933
8beds
0baths
--sqft
MultiFamily
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 0
Property
Details
- Lease amount: $0
Construction
Type & style
- Home type: MultiFamily
Condition
- Major remodel year: 0
Utilities & green energy
- Electric: Amps(0)
Community & neighborhood
Location
- Region: Elkton
Other
Other facts
- HeatingYN: true
- Furnished: Unfurnished
- YearBuiltEffective: 0
- CoveredSpaces: 0
- LandLeaseAmount: 0
- CommunityFeatures: Laundry
- TaxAnnualAmount: 0
- AvailabilityDate: 2021-07-14
- Electric: Amps(0)
- MlsStatus: Accepted Offer
- Available date: 07/14/2021