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516 3rd Street NE Waseca, MN 56093 Listing ID: 5503072

Price: $1,145,000.00

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.

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  • 1,000 Sq. Ft.

Primary Features

County

Waseca

School District

Waseca

Above Grade

1,000 sq. ft.

Below Grade

0 sq. ft.

Year Built

1975

Age

45 yrs old

Style

(MF) Duplex Side X Side

Garage

1 Car

Property Taxes

$2,664

Contingency

None

Additional Features

Basement

None

Exterior

Brick/Stone

Foundation

800

Fuel Source

Natural Gas

Heating

Hot Water

Sewer

City Sewer/Connected

Tax Year

2019

Water

City Water/Connected

Units

Available Units

Unit

Beds

Baths

Rent

Sq. Ft.

1

1

1 / 0

$435.00

2

2

1 / 0

$435.00

Unit

Beds

Baths

Rent

Sq. Ft.

3

0 / 0

4

1

0 / 0

$435.00

Directions

Travel South on State St., Left on 6th Ave NW, property at corner of 6th Ave NW and 3rd St NE.

Listing Agency

Listing courtesy of
Lion Rock Properties

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than WESTconsin Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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