NOT LISTED FOR SALE

512 3rd St NE Waseca, MN 56093

23 Beds
14 Baths
4,450 Sq Ft
0.48 Acres

Last Sold October 18, 2022

Last sale price $650,000 $146 Per Sq Ft

23 Days on Market

Highlights

  • 0.48 Acre Lot
  • 2 Car Attached Garage
  • Baseboard Heating
  • Corner Lot
  • Landscaped with Trees
  • Coin Laundry

About This Home

As of October 2022

Start or expand your real estate portfolio with two 6 unit buildings, and neighboring duplex and vacant lot in beautiful Waseca. Just a few blocks from downtown. Low vacancy with value-add potential & for increasing rents! Property has been nearly 100% occupied, and vacant units have been upgraded before new tenants. Each building has four 2bed/1bath units and two 1bed/1bath units and shared parking lot. Duplex home next door has a 2bed/1bath unit, and 1bed/1bath unit. Room on vacant lot to expand with additional building. Rents range from $550-$675/mo. for the buildings. Duplex unit rents for $550 and $925. Owner pays water, trash, gas/heat, and tenants pay electric, cable/internet for all units. Coin operated laundry in basement of each building. Duplex has new furnace/AC and ductwork. Waseca is a short distance from Owatonna to the east and Mankato the west. Hwy 14 provides quick access to these larger markets but rents are affordable. This keeps demand high for these units.

Last Agent to Sell the Property

Kellie Krumwiede

Connect Real Estate Group Listed on: 08/08/2022

Last Buyer's Agent

Zach Alms

LANDMARK REAL ESTATE License #40498104

Property Details

Home Type

  • Apartment

Year Built

  • 1967

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 296x69
  • Corner Lot
  • Landscaped with Trees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,450 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 14 Bathrooms

Basement

  • Partial Basement
  • Block Basement Construction

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • Coin Laundry

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for lawn, maint/repair, snow, trash, water/sewer
  • Month-to-Month Lease Term
  • Assessor Parcel Number 173761035, 173780380, 173780390

Property Details

Home Type

Apartment

Year Built

1967

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Apartment Building (L)
  • Construction: Previously Owned
  • Foundation Size: 3000
  • L V T Date: 08/09/2022
  • Mechanicals: Water Heater - Gas
  • Parcel Number: 173761035, 173780380, 173780390
  • Price Per Square Foot: 146.07
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 10096
  • Estimated Number of Acres: 0.48
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Interior Features

  • Total Bedrooms: 23
  • Total Bathrooms: 14
  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 4450
  • Total Square Footage: 4450

Exterior Features

  • Frontage Road: City, Paved, Sidewalk
  • Construction Type: Concrete Block
  • Exterior: Brick
  • Roof: Asphalt Shingles, Flat
  • Exterior Amenities: Driveway - Asphalt

Garage/Parking

  • Garage Type: Attached
  • Number Garage Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Shared: Coin-op Laundry Owned

Schools

  • School District: Waseca #829

Lot Info

  • Lot/Land Description: Corner Lot, Tree Coverage - Medium, Paved Streets
  • Estimated Lot Dimensions: 296X69

Rental Info

  • Owner Expense: Lawn, Maint/Repair, Snow, Trash, Water/Sewer
  • Tenant Expense: Cable TV, Electric
  • Type of Tenancy: One Year Lease, Month to Month

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2022 10/18/22 Sold $650,000 0.0% $146 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
08/08/2022 08/08/22 For Sale $650,000 -- $146 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kellie Krumwiede

    Seller's Agent in 2022

    Kellie Krumwiede

    Connect Real Estate Group

    (507) 399-9889

    3 in this area

    132 Total Sales

    Kellie Krumwiede
    Section Image

  • Z

    Buyer's Agent in 2022

    Zach Alms

    LANDMARK REAL ESTATE

    (507) 381-9123

    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7030645

REALTOR® Association of Southern Minnesota

Minnesota Waseca County Waseca 56093

512 3rd St NE, Waseca, MN

This home is located at 512 3rd St NE, Waseca, MN 56093 since 08 August 2022. This property was built in 1967. 512 3rd St NE is a home located in Waseca County with nearby schools including Hartley Elementary School, Waseca Intermediate School, and Waseca Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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