NOT LISTED FOR SALE

103 1st Ave NE Unit First Mapleton, MN 56065

4 Beds
3 Baths
2,400 Sq Ft
5,227 Sq Ft Lot

Last Sold July 31, 2021

Last sale price $172,000 $72 Per Sq Ft

21 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Water Softener is Owned
  • 1-Story Property

About This Home

As of July 2021

Great Investment Opportunity! Fully leased mixed use building with 3 updated apartments and an operating laundromat. Apartments rent for $1825/month combined and the laundromat averages $800/month. Boiler was removed and replaced with a commercial water heater in 2019, roof is newer, central air added, 3 new Speed Queen washers in 2020. Fully occupied, only laundromat in the community! Owner is a licensed Broker.

Last Agent to Sell the Property

Christa Wolner

Connect Real Estate Group Listed on: 06/11/2021

Last Buyer's Agent

Zach Alms

LANDMARK REAL ESTATE License #40498104

Property Details

Home Type

  • Multi-Family

Year Built

  • 1922

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x105

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Concrete Block And Stucco Construction
  • Slate

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 1 Parking Space Included
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener is Owned

Community Details

  • Gross Income $31,500

Listing and Financial Details

  • Tenant pays for cable TV, electric, trash, fuel
  • The owner pays for snow, water/sewer
  • Assessor Parcel Number R15.24.04.259.008

Property Details

Home Type

Multi-Family

Year Built

1922

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 3600
  • L V T Date: 06/11/2021
  • Mechanicals: Water Heater - Gas, Water Softner - Owned
  • Parcel Number: R15.24.04.259.008
  • Rental License: Yes
  • Stories: 1 Story
  • Street Designation: Avenue
  • Estimated Number of Acres: 0.12
  • Zoning: Mixed
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1922

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Basement Style: Crawl Space
  • Finished Above Grade Sq Ft: 3400
  • Total Fin Square Footage: 2400
  • Total Square Footage: 3600

Exterior Features

  • Frontage Road: City
  • Construction Type: Concrete Block, Frame/Wood
  • Exterior: Slate
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Asphalt

Garage/Parking

  • Number Off Street Parking: 6

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 50x105

Rental Info

  • Owner Expense: Snow, Water/Sewer
  • Tenant Expense: Cable TV, Electric, Trash, Fuel
  • Type of Tenancy: One Year Lease

Multi Family

  • Est Annual Gross Expense: 9359
  • Est Annual Gross Income: 31500
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Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2021 07/31/21 Sold $172,000 -4.4% $72 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $180,000 -- $75 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,836 $149,900 $13,100 $136,800
2024 $2,836 $149,900 $13,100 $136,800
2023 $2,552 $141,700 $13,100 $128,600
2022 $2,506 $128,000 $13,100 $114,900
2021 $2,386 $107,500 $13,100 $94,400
2020 $2,008 $102,800 $13,100 $89,700
2019 $1,758 $102,800 $13,100 $89,700
2018 $800 $85,800 $8,700 $77,100
2017 $944 $42,000 $8,700 $33,300
2016 $898 $42,000 $8,700 $33,300
2015 $9 $38,700 $8,700 $30,000
2014 $728 $75,600 $17,100 $58,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7027287

REALTOR® Association of Southern Minnesota
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