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For Sale:  New Prague MLS# 7082202

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Active NEW!
$584,900
/mo Edit
Commercial:  2 Stories
Built 1930
1.34 acres
New Prague Area schools
MLS# 7082202
763-576-8286
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    Property Description

    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.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $584,900
    Property Type: Commercial
    City: New Prague
    Garage Spaces: 3
    County: Le Sueur
    Year Built: 1930
    State: MN
    Property Style: 2 Stories
    Zip Code: 56071

    Interior

    Flooring: Vinyl, Wood
    Refrigerators: One Per Unit
    Basement Details:
    • Block
    • Partial

    Exterior

    Stories: Two
    Garage Spaces: 3
    Garage Dimensions: 26 x 50
    Garage Size: 1,300 ft2
    Garage Door Height: 8
    Air Conditioning: Window Unit(s)
    Foundation Size: 3,370 ft2
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Forced Air
    Parking Features:
    • Concrete
    • Detached Garage
    • Gravel
    • Parking Lot
    • Shared Driveway
    Exterior Material: Frame
    Roof Details: Age 8 Years or Less

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 1.34
    Geolocation: 44.543198, -93.568456
    Inclusions: Rental License
    Lot Dimensions: 165 x 418 x 75 x 134 x 96 x 276
    Zoning: Residential-Multi-Family
    Lot Description:
    • Property Adjoins Public Land
    • Tree Coverage - Medium

    Schools

    School District: 721
    District Phone: 9527581700

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $2,000
    Annual Fuel Expense: $3,000
    Annual Insurance Expense: $6,000
    Annual Maintenance Expense: None
    Annual Trash Expense: $2,000
    Annual Water/Sewer Expense: $7,000
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,434
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,524

    Income

    Annual Gross Income: $85,520

    Rent

    Annual Net Income: $45,022

    Units

    Total Units: 7

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer - In Street
    Available Utilities:
    • Electric Separate
    • Heating Common
    • Hot Water Common
    Water System: City Water - In Street

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Metro Group Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.