• 406 Downtown Plz - 406 Downtown Plz, Fairmont, MN 56031

For Sale

Office/Retail Mixed

For Sale

This property is available for sale
$199,900
Sale Price
  • Overview

    Looking for a great investment for your hard earned money. How about 12% or better with this multi use opportunity and a cap rate of 13%.There are 7 apartments, 3 garages, and 2 retail areas that are all currently rented.6 1 BR and 1 2 br units.2 business areas3 garagesMain floor business space has a high eff. furnace. 6 apartments are heated by a high eff. boiler. Main building to the back had siding/windows/shingles installed approx. 7 years ago. Corner building has 2 high eff. furnaces for Main floor and upstairs apartment. Sewer and water for all units paid by owner.

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Property Details

Looking for a great investment for your hard earned money. How about 12% or better with this multi use opportunity and a cap rate of 13%.There are 7 apartments, 3 garages, and 2 retail areas that are all currently rented.6 1 BR and 1 2 br units.2 business areas3 garagesMain floor business space has a high eff. furnace. 6 apartments are heated by a high eff. boiler. Main building to the back had siding/windows/shingles installed approx. 7 years ago. Corner building has 2 high eff. furnaces for Main floor and upstairs apartment. Sewer and water for all units paid by owner.

  • Property Type
    Office/Retail Mixed
  • Sale Price
    $199,900
  • Number of Floors
    0
  • Property ID
    2037403

Landlord's Sales Representative

  • Charles Omvig
    Century 21 Northland Realty