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

Sale Details

Date 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

5,227 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,940 $149,900 $13,100 $136,800
2025 $2,940 $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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