514 Main St E - Apartments FOR SALE


New Prague, MN 56071
$584,900 USD
952-445-5970
514 Main St E, New Prague, MN for Sale
$584,900 USD
Apartments - FOR SALE
1/35
null | 7.7% Cap Rate

514 Main St E
New Prague, MN 56071


OVERVIEW

Great investment property. Recently refurbished, 7 units total, include one 3-bedroom, five 1-bedrooms and a studio. Large 2 stall detached garage/workshop w/11 storage units available. All units currently under leases-cash flow is positive. Zoned High-Density Residential (RH1). Good for townhouses and apartments. Conditional use nursing home/assisted living facility. Property is located on high visibility parcel on the main east/west thoroughfare through New Prague. Site provides plenty of parking and has New Prague Park in its back yard.

FOR SALE DETAILS

PRICE

$584,900 USD

PRICE/SF

$133 USD /SF

# OF UNITS

7

PRICE/UNIT

$83,557

CAP RATE

7.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

10

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

RH - High Density Residen

APN/PARCEL ID

23.003.2540

ASK ABOUT THIS PROPERTY

Jerry LindeenMetro Group Real EstateMore Info
952-445-5970

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Jerry LindeenMetro Group Real EstateMore Info
952-445-5970

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.