$525,000
$549,900
4.5%For more information regarding the value of a property, please contact us for a free consultation.
220 11th ST NW Milaca, MN 56353
0.45 Acres Lot
Key Details
Sold Price $525,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Ridgewood North
MLS Listing ID 6195077
Sold Date 06/20/22
Year Built 1993
Annual Tax Amount $7,068
Tax Year 2022
Contingent None
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions 200x120x90x80x103
Property Description
Exceptional 7-unit apartment building near cul-de-sac setting.
Six units are 1 bed & 1 bath units, and one unit is 2 bed & 1 bath unit.
Units rent for as follows: $715, $635, $635, $635, $600, $600, $590.
Buyer responsible for verifying measurements and checking with local city/county for verification on the building, year built, taxes, cost of new insurance, etc.
Buyer to be thorough with their own due diligence.
Seller receives approximately $200/month on washer/dryer units. This was not calculated in rents shown.
One tenant receives a discount of about $45/month for some basic grounds upkeep.
2019 improvements: new siding, windows, gutters, and shingles.
Approximately 7-year-old interior cosmetic improvements in each unit and common area.
Wall a/c units, well maintained boiler, gravel parking lot with available electric per parking place.
Location
State MN
County Mille Lacs
Zoning Residential-Single Family
Interior
Heating Baseboard
Cooling Wall Unit(s)
Fireplace No
Appliance Dishwasher, Microwave, Range, Refrigerator
Exterior
Parking Features Electric, Gravel
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less,Asphalt
Present Use Residential
Building
Lot Description Corner Lot, Irregular Lot
Foundation 2300
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Engineered Wood
Schools
School District Milaca
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