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125 Oak St
Le Sueur, MN 56058
Tri-Oak Apartments · Multifamily Property For Sale
·
14 Units
PROPERTY FACTS
| No. Units | 14 | Building Size | 10,000 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1936/2000 |
| Lot Size | 0.34 AC | Parking Ratio | 0.9/1,000 SF |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.34 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 86% |
| No. Stories | 3 |
| Year Built/Renovated | 1936/2000 |
| Parking Ratio | 0.9/1,000 SF |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Vintage Building
ABOUT 125 OAK ST , LE SUEUR, MN 56058
Beautiful 1930's brick and stone 14-Unit building - first time available since 1994! 12/14 units are currently rented - one unit needs minor plumbing work/ permit to be pulled in order to be rented. All tenants currently on rolling 60 days notice. Current rents are low for the market - great upside available for new operator. See attached operating data. Building and major mechanicals have been well maintained. *NOTE: displayed cap rate of 8.47% assumes existing rent roll for the 12 currently occupied units, plus leasing of the 2 vacancies & re-leasing the unit currently occupied by long time on-site manager who will vacate upon sale. "As-is" cap rate is currently about 5.5%.* Unit mix consists of eight (8) 1-bedrooms / three (3) 2-bedrooms / three (3) studios. No Sec. 8 tenants. Tenants pay electric; Landlord pays water, sewer, trash, & gas. Nine (9) off street parking stalls ("first come"). Roof replaced in 2007. Contact broker to arrange a tour.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $500.00 | - |
| 1+1 | 8 | $600.00 | - |
| 2+1 | 3 | $750.00 | - |
PROPERTY TAXES
| Parcel Number | 21.800.2390 | Improvements Assessment | $451,000 |
| Land Assessment | $65,000 | Total Assessment | $516,000 |
PROPERTY TAXES
