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Active Contingent
$240,000
/mo Edit
Commercial:  Apartments/Retail
Built 1925
0.11 acres
Winona Area schools
MLS# 6635356
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    Property Description

    Check out this great investment opportunity! The property features a commercial space (currently used as a salon) and 2 apartment units. One of the apartments (425 E 3rd St.) is a 2 bed 1 bath unit with a front and back porch. The other apartment (427 1/2 E 3rd St.) is a 3 bed 1.5 bath unit. Both apartments and the commercial space have their own laundry, all washers/dryers to stay. Located on the property is a 3 car garage with a driveway creating off street parking for tenants and an additional 2 off-street parking spaces for the commercial unit. Call for a tour today!

    Listing

    Contingency: Other
    City: Winona
    County: Winona
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55987
    Subdivision Name: Lairds Add

    Exterior

    Garage Spaces: 3
    Other Parking Spaces: 3
    Foundation Size: 2,547 ft2
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Forced Air
    Parking Features:
    • Concrete
    • Detached
    Exterior Material: Vinyl Siding

    Lot & Land

    Acres: 0.11
    Geolocation: 44.049228, -91.62622
    Inclusions: Building, Rental License
    Lot Dimensions: 50 x 100
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family

    Schools

    School District: 861
    District Phone: 507-494-0861

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,928
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $2,012

    Units

    Total Units: 3

    Miscellaneous

    Current Use: Beauty/Barber Shop
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Hot Water Common
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker River Valley, REALTORS.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.