Address
516 3rd Street NE Waseca, MN
Price
$ 1,145,000
Property Attributes
  • ML#5503072
  • TypeMulti-Family
  • CountyWASECA
  • CityWaseca
  • AreaJenkins Sub
  • Zip56093
  • Style(MF) Duplex Side X Side
  • Year Built1975
  • Taxes2664
  • Price$ 1,145,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1000
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
Lion Rock Properties
Property Description

Turn key 26 unit portfolio with serious value add opportunity. Part of 26 unit Portfolio (117 S. State St., 516 3rd St NE, 509 4th St. NE & 512 3rd St. NE) Located right in mainstream downtown Waseca. All necessary work has been done for the properties to perform and remain leased. Buyer would have access to serious rent increases through modest renovations. rents are currently $100-$200 below for the area. Portfolio is priced to sell. Buyer compensation for successful sale to be paid by buyer party to buyer agent, not paid by seller.

Price History
3/10/2020 Listed $1,100,000

General Features

Annual Gross Income 0.00
Basement None
Complex/development/subd Jenkins Sub
Construction Status Previously Owned
Contingency None
Cumulative Days on Market 85
DPR Eligible No
Handicap Accessible None
Has Supplements 1
Homestead No
Municipality Waseca
Potential Short Sale No
Present Use Yearly
Property Type MF
School District 829 - Waseca
Status Active
Style (MF) Duplex Side X Side
Tax Year 2019
Total Number of Units 2
Year Built 1975

Interior Features

Above Ground Finished Sq 1000
Fuel Natural Gas
Garage Stalls 1
Heating Hot Water
Number Of Unit 1
Total Bathrooms 2
Total Finished SqFt. 1000
Unit 1 Air Wall
Unit 1 Bath Full 1
Unit 1 Number Of Units 1
Unit 1 Total Baths 1
Unit 1 Total Rooms 3
Unit 2 Annual Rent 10200
Unit 2 Full Bath 1
Unit 2 Number Of Bedrooms 2
Unit 2 Number Of Units 1
Unit 2 Total Baths 1
Unit 2 Total Rooms 4
Unit 2 Unit Number 2

Exterior Features

Lender Owned No
Unit 1 Bedrooms 1
Unit 1 Monthly Rent 435
Unit 2 Monthly Rent 435
Acres 0.220
Exterior Brick/Stone
Foundation Size 800
Sewer City Sewer/Connected
Water City Water/Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 56093

Price
AVG $300K
$1.15M
Taxes
AVG $2,410
$2,664
Visits
AVG 31
101
Year Built
AVG 1933
1975
Walkscore
AVG 47
54
Data Provided by Walkscore ® not using MLS data

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