NOT LISTED FOR SALE

201 4th Ave NW Waseca, MN 56093

Waseca Area
10 Beds
6 Baths
3,478 Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: August 2, 2024

Last sale price $345,000 $99 Per Sq Ft

4 Days on Market

About This Home

As of August 2024

Solid apartment complex with 6 units. Concrete block construction and concrete floors on all levels. Well maintained and updated as needed. Boiler and water softener are only a few years old. 2 - 1 bedroom units and 4 - 2 bedroom units. Aside from the bedrooms each unit has a kitchen with dining area, living room, full bath, stove, refrigerator, and window air conditioner (tenant expense) and each unit has one off street parking spot. The one beds rent for $675 and 3 of the two beds rent for $775 and one for $800 = $4,475/month. Tenant pays electricity, cable, internet, etc and owner pays the natural gas and water/sewer. There is a common laundry area with coin operated laundry for added income and a place where each tenant has a locker for misc storage. Solid property and great investment!

Last Agent to Sell the Property

Kenneth Lundberg

RE/MAX DYNAMIC AGENTS ST. PETER Listed on: 07/06/2024

RE/MAX DYNAMIC AGENTS ST. PETER

Last Buyer's Agent

Non Member

Non-Member

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,836

Year Built

  • Built in 1968

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,478 Sq Ft Home
  • 3-Story Property
  • Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction
  • Basement Window Egress

Parking

  • 1 Parking Space Included
  • Off-Street Parking

Location

  • Ground Level
  • Upper Level

Utilities

  • Window Unit Cooling System
  • Boiler Heating System
  • Gas Water Heater
  • Water Softener is Owned

Community Details

  • 6 Units
  • Gross Income $53,700

Listing and Financial Details

  • Tenant pays for broadband, cable TV, electric
  • The owner pays for fuel, water/sewer
  • Assessor Parcel Number 171130030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,836

Year Built

Built in 1968

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Apartment Building (L)
  • Construction: Previously Owned
  • Foundation Size: 1739
  • L V T Date: 07/08/2024
  • Mechanicals: Water Heater - Gas, Water Softner - Owned, Sump Pump
  • Parcel Number: 171130030
  • Rental License: Yes
  • Stories: 3 Story
  • Estimated Number of Acres: 0.12
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Total Bedrooms: 10
  • Total Bathrooms: 6
  • Basement Features: Daylight/Lookout Windows, Egress Windows, Finished, Sump Pump, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 3478
  • Total Square Footage: 5217
  • Below Grade Finished Sq Ft: 1739

Exterior Features

  • Frontage Road: City
  • Construction Type: Concrete Block
  • Exterior: Brick
  • Roof: Flat, Rubber

Garage/Parking

  • Number Off Street Parking: 6

Utilities

  • Fuel: Natural Gas
  • Heat: Boiler
  • Sewer: City
  • Water: City

Lot Info

  • Lot/Land Description: Corner Lot
  • Estimated Lot Dimensions: .12 acres

Rental Info

  • Owner Expense: Fuel, Water/Sewer
  • Tenant Expense: Broadband, Cable TV, Electric

Building Info

  • Year Built: 1968

Multi Family

  • Est Annual Gross Income: 53700

Tax Info

  • Year: 2024
  • Tax Value: 4836

MLS Schools

  • School District: Waseca #829

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2024
Closed on
Aug 2, 2024
Sold by
Bought by
Seller's Agent
Kenneth Lundberg
RE/MAX DYNAMIC AGENTS ST. PETER
Buyer's Agent
Non Member
Non-Member
List Price
$330,000
Sold Price
$345,000
Premium/Discount to List
$15,000
4.55%

Purchase Details

Closed on
Dec 31, 2014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
3.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 2012
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Waseca, MN

See All Agents

Purchase 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 Buyer Sale Price Title Company
$345,000 --
$245,000 --
-- --
-- --
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $248,000
Source: Public Records

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
08/02/2024 08/02/24 Sold $345,000 +4.5% $99 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
07/06/2024 07/06/24 For Sale $330,000 -- $95 / 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
2025 $5,616 $289,000 $53,000 $236,000
2024 $4,952 $247,700 $15,900 $231,800
2023 $4,836 $245,400 $15,900 $229,500
2022 $5,248 $231,300 $21,000 $210,300
2021 $5,256 $204,600 $17,800 $186,800
2020 $5,282 $201,800 $17,800 $184,000
2019 $5,206 $200,200 $17,800 $182,400
2018 $5,070 $196,000 $17,800 $178,200
2017 $4,722 $196,000 $17,800 $178,200
2016 $4,432 $196,000 $17,800 $178,200
2015 -- $181,600 $17,800 $163,800
2012 -- $130,300 $17,800 $112,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7035350

REALTOR® Association of Southern Minnesota
Your Personal Tour Guide

Ask me questions while you tour the home.