215 S 5th Street, Montevideo, MN 56265
sale
$980,000
|
Other
Courtesy Of Weichert,Realtors-Tower Properties
Rare opportunity to acquire a well-maintained 9-unit multifamily property featuring two separate buildings on one parcel. The main turn-of-the-century home offers seven units and retains much of its original historic charm, blending character with modern updates. A second building provides an additional two units, creating a versatile unit mix.
Most units have been renovated, offering updated interiors while preserving classic architectural details. Property amenities include on-site coin laundry, a three-car garage, ample off-street parking, and a fenced yard with outdoor features.
The property offers a strong 7% cap rate, making it an attractive option for investors seeking stable income. The combination of historic appeal, functional updates, and on-site amenities contributes to long-term value and broad rental appeal.
Most units have been renovated, offering updated interiors while preserving classic architectural details. Property amenities include on-site coin laundry, a three-car garage, ample off-street parking, and a fenced yard with outdoor features.
The property offers a strong 7% cap rate, making it an attractive option for investors seeking stable income. The combination of historic appeal, functional updates, and on-site amenities contributes to long-term value and broad rental appeal.
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Property Features
- Age: Over 50 Years Old
- Appliance: Dishwasher
- Appliance: Microwave
- Appliance: Refrigerator
- Appliance: Water - Softener
- Appliance: Dryer
- Appliance: Range
- Appliance: Washer
- Architecture Style: Other
- Exterior Type: Frame
- Floor Covering: Vinyl
- Floor Covering: Linoleum
- Floor Covering: Wood
- Floor Covering: Carpet
- Legal Description: FRINKS 1ST ADDITION 3, 4, 5 & 6 BLOCK 7 EX W 22 FT OF LOT S 5 & 6 & W 22 FT OF S 8FT LOT 4
- MLSID: 7009752
- Roof Type: Shingle
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