Photos (10)

224 Main Street

Norwood Young America, MN 55397

List Price

$875,000

Status

Active

Days on Market

105 Days

Days on this site may differ from MLS DOM

MLS #

6699747

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Bedrooms

N/A

Bathrooms

N/A

Square Feet

N/A

Garage

Year Built

1911

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Property Description

This property was built in 1911 with many recent improvements including a new roof in 2019 & all 6 units renovated in the last 3 years. One building features 6 two-bedroom apartments with the other building featuring one retail property, currently the laundromat is owned by the Landlord. The two-parcel offering includes ample Class IV gravel off-street parking in the rear of each respective building. Each unit is separately metered for gas and electric, making expenses relatively low for this investment. The residential building has new boilers (2025). The property has a strong rental history and is 100% occupied. The landlord has successfully renovated all units along with rent increases per year of 7%-10% since purchasing the building in 2020, making this acquisition a solid-performing asset in a growing community with little to no competition.

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This home sale information is not an appraisal, CMA or home valuation.

Property Photos10 photos

Listing Courtesy of: Bridge Realty, LLC

MLS# 6699747 • Status: Active

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