116 Baldwin ST Sold Save Request In-Person Tour Request Virtual Tour
Granite Falls,MN 56241
Key Details
Sold Price $810,0001.3%
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Evans Park 2Nd Add
MLS Listing ID 6690933
Year Built 1976
Annual Tax Amount $7,484
Tax Year 2024
Lot Size 0.830 Acres
Property Sub-Type Apartment
Property Description
Cash flowing 16 units (2 - 8 unit buildings). Looking for a solid investment property with room to increase cash on cash significantly? This is the one. Never any vacancy unless wanted for unit turns.
Chippewa County has a strong need for affordable rental property. This property has 2 well maintained 8 unit buildings. 50% of the windows have been replaced. The exterior was recently painted and there is room to grow rents. 50 year Metal roofs on both buildings (approximately 10 years old). 2 BR units are 750 SF, 1 BR are 700 SF. Water, garbage and hot water are included in the rents. Tenants pay electricity, cable and internet. Coin operated laundry. Contact agent for P/L and showings. Strong, low maintenance, income producing property. Remaining showings cancelled, an offer has been accepted - 4/8/25
Location
State MN
County Chippewa
Zoning Residential-Multi-Family
Interior
Heating Baseboard
Cooling Wall Unit(s)
Exterior
Parking Features Asphalt,Gravel
Utilities Available Electric Separate
Roof Type Age Over 8 Years
Building
Lot Description Corner Lot,Some Trees
Foundation 3200
Sewer City Sewer/Connected
Water City Water - In Street
Structure Type Brick/Stone,Metal Siding,Vinyl Siding,Wood Siding
Schools
School District Yellow Medicine East