Price $460,000
Status Active
Size 11,000 sqft
Lot Size 8,277 sqft
Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue. Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in a convenient downtown setting close to amenities, this property offers long-term rental demand and solid upside for an investor ready to complete the renovations. Priced to reflect the work needed, this property is an ideal value-add opportunity.
Property Type(s): Commercial
Tract South Of Center Year Built 1947
County Brown

Additional Details

AIR Wall Unit(s), Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Range, Refrigerator
BASEMENT Partial, Unfinished, Yes
CONSTRUCTION Brick, Concrete
HEAT Baseboard, Electric, Hot Water, Other, Steam
LOT 8276 sq ft
LOT DIMENSIONS 50x165
PARKING On Street, Unassigned
SEWER Public Sewer
STORIES 2
SUBDIVISION South Of Center
TAXES 6054
UTILITIES Cable Available
WATER Public
ZONING Business/Commercial
Listed with Keller Williams Premier Realty
Regional Multiple Listing Service of Minnesota Logo The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. All real estate listings are marked with the Broker ReciprocitySM logo, and detailed information about them includes the name of the listing brokers.

Information deemed reliable but not guaranteed.

Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
DMCA Notice

This IDX solution is (c) Diverse Solutions 2025.

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Scenic City Realty to contact you even if your name is on a Federal or State "Do not call List".
Email a Friend