116 Baldwin ST Pending Save Request In-Person Tour Request Virtual Tour
Granite Falls,MN 56241
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
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)
Inclusions Building,Land,Leases
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