$219,900

102 Main Ave W

Frazee MN, 56544

Description

We are offering a one of a kind investment opportunity right in the heart of downtown Frazee. This 5 unit, mixed use property features 3 commercial spaces and 2 residential units sure to enhance your investment portfolio. Located on the town's busiest intersection, this building is a charming combination of turn of the century character with modern features and updates.This building boasts $25,800/year in rental income, giving it a strong 11.7% ROI. The listing agency currently uses 2 of the 3 commercial spaces available, which will leave them vacant upon sale, but there have already been multiple interested parties looking to lease. You can ''bank'' on this being an investment you won't regret!

Details

MLS#5216491
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1915
Days On Site17

Features

SQ Feet2,400
Story(s)1
Units5
ZoningResidential-Multi-Family

Market Activity 56544

Loading Form

Loading Form

Area Information

StateMN
CountyBecker
CityFrazee
Zip Code56544
AreaFrazee (MN)
Listing VS Median (in 56544)
Price:
$219,900
low | high
Med:
$55,000
100% of Average
SqFt:
2,400
low | high
Med:
0
100% of Average
$ / SqFt:
$92
low | high
Med:
$0
100% of Average
On Site:
17
low | high
Med:
232
7.327586206897% of Average
Listing Updated: 02/27/2020
MLS Number: 5216491
Listing Provided By:
Amber Bender  of  Bender Realty Inc.
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

© {{year}} Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.