209 S Minnesota Street, New Ulm, MN 56073
sale
$460,000
|
Other
Courtesy Of Keller Williams Premier Realty Rochester
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.
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.
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Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Appliance: Refrigerator
- Appliance: Range
- Architecture Style: Other
- Cooling System: Wall Unit(s)
- Exterior Type: Brick
- Exterior Type: Concrete
- Heating System: Baseboard
- Heating System: Steam
- Heating System: Hot Water (Heating)
- Heating System: Other (Heating)
- Legal Description: SOUTH OF CENTER LOT-012 BLOCK-063
- MLSID: 6820873
- Roof Type: Flat
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
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