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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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215 S 5th Street, Montevideo, MN 56265
STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Montevideo
SCHOOL: Montevideo
Property Description
Rare opportunity to acquire a well-maintained 9-unit multifamily property featuring two separate buildings on one parcel. The main turn-of-the-century home offers seven units and retains much of its original historic charm, blending character with modern updates. A second building provides an additional two units, creating a versatile unit mix. Most units have been renovated, offering updated interiors while preserving classic architectural details. Property amenities include on-site coin laundry, a three-car garage, ample off-street parking, and a fenced yard with outdoor features.The property offers a strong 7% cap rate, making it an attractive option for investors seeking stable income. The combination of historic appeal, functional updates, and on-site amenities contributes to long-term value and broad rental appeal.
Property Features
Property Type: Commercial - Business Basement: Yes Fuel Type: Natural Gas Garage: 3 Heating: Boiler Lot Size: 0.53 Acres Roof Type: Architectural Shingle Stories: 3.0 Taxes: $8,392 Year Built: 1910
Feature Descriptions
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Basement: Finished
Current Use: Residential
Days on Site: 91
Exterior: Frame
Foundation Size: 1622
Lot: Tree Coverage - Light, Underground Utilities
Lot Dimensions: 200x105x108x22x92x127
Owners Expense: All Utilities, See Remarks
Parcel#: 703750320
Parking: Detached Garage, Concrete, Garage Door Opener, Paved Lot, More Parking Onsite for Fee
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights
Sale Includes: Building, Inventory, Rental License
Sewer: City Sewer/Connected
Tenant Expenses: See Remarks
Units: 9
Utilities: Electric Common, Heating Common, Hot Water Common
Water: City Water/Connected
Local Schools
School District: Montevideo
Listed By / Shown By
Agency Name: Weichert REALTORS Tower Properties
Agency Phone: 320-262-7787
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215 S 5th Street | MLS# 7009752
This commercial property located at 215 S 5th Street, Montevideo, MN 56265 is currently listed for sale with an asking price of $899,900. S 5th Street is located within the Montevideo school district. Search Montevideo real estate on nanderson.counselorrealty.com today.