NOT LISTED FOR SALE

812 Main Ave E Gaylord, MN 55334

20 Beds
12 Baths
9,216 Sq Ft
0.85 Acres

Last Sold August 03, 2021

Last sale price $525,000 $57 Per Sq Ft

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Wood Siding
  • 1-Story Property

About This Home

As of August 2021

This is a great value add opportunity through market rate rents (Three units currently at market rents). Current rents are below market and have not been increased in years. Potential to increase NOI through expense recapture, bill back of trash, water and sewer. Currently, long term tenants are in place and on a month to month basis. This investment property offers great opportunity for return on your investment.

Last Agent to Sell the Property

Carlos Carrera

RE/MAX DYNAMIC AGENTS Listed on: 02/18/2021

RE/MAX DYNAMIC AGENTS

Last Buyer's Agent

Non Member

Non-Member

Property Details

Home Type

  • Multi-Family

Year Built

  • 1967

Lot Details

  • 0.85 Acre Lot
  • Lot Dimensions are 260 x 142
  • Corner Lot

Parking

  • Driveway

Home Design

  • Frame Construction
  • Rubber Roof
  • Wood Siding

Interior Spaces

  • 9,216 Sq Ft Home
  • 1-Story Property
  • Range

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 12 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Gas Water Heater

Community Details

  • Gross Income $78,544

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for lawn, maint/repair, snow, trash, water/sewer
  • Month-to-Month Lease Term
  • Assessor Parcel Number 320667000

Property Details

Home Type

Multi-Family

Year Built

1967

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Construction: Previously Owned
  • Foundation Size: 9216
  • L V T Date: 02/18/2021
  • Mechanicals: Water Heater - Gas
  • Parcel Number: 320667000
  • Price Per Square Foot: 56.97
  • Rental License: Yes
  • Stories: 1 Story
  • Street Designation: Avenue
  • Taxes With Assessments: 5074
  • Estimated Number of Acres: 0.85
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Interior Features

  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 20
  • Total Bathrooms: 12
  • Finished Above Grade Sq Ft: 9216
  • Total Square Footage: 9216

Exterior Features

  • Frontage Road: City, Curb/Gutters
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Roof: Rubber
  • Exterior Amenities: Driveway - Asphalt

Utilities

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

Schools

  • School District: Sibley East #2310

Lot Info

  • Lot/Land Description: Corner Lot
  • Estimated Lot Dimensions: 260 x 142

Rental Info

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

Multi Family

  • Est Annual Gross Expense: 32068
  • Est Annual Gross Income: 78544

Range of Values:

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Average Value
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List Price
Sold 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
08/03/2021 08/03/21 Sold $525,000 0.0% $57 / Sq Ft
07/14/2021 07/14/21 Off Market $525,000 -- --
07/14/2021 07/14/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $595,000 -- $65 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carlos Carrera

    Seller's Agent in 2021

    Carlos Carrera

    RE/MAX

    (507) 720-4663

    48 Total Sales

    Carlos Carrera
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    Non-Member

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7026235

REALTOR® Association of Southern Minnesota
Minnesota Sibley County Gaylord 55334

812 Main Ave E, Gaylord, MN

This home is located at 812 Main Ave E, Gaylord, MN 55334 since 18 February 2021. This property was built in 1967. 812 Main Ave E is a home located in Sibley County with nearby schools including Sibley East-Gaylord Elementary School, Sibley East-Arlington Elementary School, and Sibley East-Gaylord 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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