$720,000
$750,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
254 2nd ST SW Forest Lake, MN 55025
8,276 Sqft Lot
Key Details
Sold Price $720,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Forest Lake
MLS Listing ID 6383209
Sold Date 09/21/23
Year Built 1969
Annual Tax Amount $7,050
Tax Year 2023
Contingent None
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 87x100
Property Sub-Type Apartment
Property Description
Great Cash flow property with opportunity to make improvements and increase rents in the future. This apartment building includes a 6 stall garage and large parking lot. Most tenants just resigned leases into 2024. This is a great opportunity for an investor looking searching for a property using a 1031 Exchange.
Location
State MN
County Washington
Zoning Residential-Multi-Family
Rooms
Basement Block
Interior
Heating Boiler
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Detached, Asphalt
Garage Spaces 6.0
Utilities Available Heating Common, Hot Water Common
Roof Type Age Over 8 Years
Present Use Residential
Building
Lot Description Tree Coverage - Light
Story Two
Foundation 2384
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco
Schools
School District Forest Lake
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