For Sale: Springfield MLS# 7115515
Active
NEW!
$252,000
Multi-family: Apartments
8 br • 4 ba • Built 1940
4,900 sqft • 0.344 acres
Springfield schools
MLS# 7115515
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Property Description
Four-unit Apartment complex for sale with garages situated on a desirable corner lot in a great location! Property is well maintained including newer roof and furnaces. An excellent opportunity for investors looking to expand their portfolio with an income-producing property full of potential. All units are currently leased with waiting list. Don's miss this investment opportunity! Call today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$252,000
Price per sq ft:
$51
Property Type:
Multi-family
City:
Springfield
Garage Spaces:
4
County:
Brown
Year Built:
1940
State:
MN
Property Style:
Apartments
Zip Code:
56087
Subdivision Name:
Van Dusen Add
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
4,900 ft2
Living Area:
4,900 ft2
Basement Details:
- Egress Window(s)
- Partially Finished
- Sump Pump
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
4
Foundation Size:
2,450 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Multiple Garages
- Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Brick
Roof Details:
- Age Over 8 Years
- Flat
- Rubber
Rooms
Laundry:
Upper Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.344
Geolocation:
44.241267, -94.975007
Lot Dimensions:
100 x 150
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
85
District Phone:
5077234283
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,679
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,450
Tenant Expenses:
Cable TV, Electricity, Gas, Sewer, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,684
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$2,844
Income
Annual Gross Income:
$25,392
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Kerkhoff Auction & Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.