107 3rd Street
Sandstone, MN 55072
MLS #4781562

Commercial
  • 0.1acres
$139,000
Est. P&I payment: $530.89/mo
107 3rd Street, Sandstone, MN 55072
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Description for 107 3rd Street, Sandstone, MN 55072
What a great opportunity with this 5 unit, income producing property. The upper level has 2 spacious apartments. The main level has 3 rental units. The storefront unit on the left is currently occupied by a beauty salon. The storefront unit on the right and a backroom unit are not occupied. All units have their own entrance. Parking is available in the back of the building. Bring your own ideas and start a new business or rent out all of it and use as investment property. So many possibilities!!
MLS #4781562
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My Notes for MLS #4781562

General Features

  • Acres: 0.1
  • Current Use: Beauty/Barber Shop,​Professional Service,​Residential
  • Foreclosure Status: No
  • Year Built: 1900
  • Sale Includes: Building,​Land
  • Total Number of Units: 5
  • Status: Active

Exterior Features

  • Exterior: Metal,​Fiber Board
  • Parking Characteristics: Other
  • Road Frontage: City,​State,​Paved Streets,​Curbs,​Sidewalks
  • Lot Description: Corner Lot
  • Lot Dimensions: 50 x 90
  • Other Parking Spaces: 1

Interior Features

  • Building Finished Square: 4,576
  • Handicap Accessible: None
  • Basement: Partial
  • Roof: Asphalt Shingles,​Pitched,​Flat,​Age Over 8 Years,​Rubber
  • Number of 1 Bedroom Unit: 2
  • Number of Units 1: 1
  • Number of Units 2: 2
  • Number of Units 3: 1

Utilities Features

  • Appliances: Range,​Refrigerator
  • Air Conditioning: Central,​Window,​Wall
  • Heating: Forced Air,​Gravity
  • Fuel: Natural Gas,​Electric
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Electric Expense: 1,800
  • Annual Fuel Expense: 1,280
  • Annual Insurance Expense: 1,800
  • Annual Maintenance Expense: 450
  • Annual Repair Expense: 450
  • Annual Gross Expense: 7,220
  • Total Annual Expenses: 7,220
  • Annual Trash Expense: 360
  • Annual Water/Sewer Expense: 1,080
  • Tenant Expenses: Electric,​Fuel,​Cable T.V.
  • Unit 1 Monthly Rent: 475
  • Annual Rent 1: 11,400
  • Unit 2 Monthly Rent: 700
  • Annual Rent 2: 8,400
  • Unit 3 Monthly Rent: 850
  • Annual Rent 3: 10,200
  • Annual Net Income: 22,780
  • Tax Amount: 2,597
  • Tax With Assessments: 2,680
  • Tax Year: 2017
  • Annual Gross Income: 30,000

Community Features

  • County: Pine
  • Municipality: Sandstone
  • Postal City: Sandstone (MN)

School Features

  • School District: 2580 - East Central
  • School District Phone: 320-245-2289

Misc Features

  • Amenities - Unit: Hardwood Floors
  • Foundation Size: 2,288
  • Zoning: Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 107 3rd Street, Sandstone, MN 55072
Take I35 Sandstone exit, head E on Hwy 23, stay to right, go towards downtown. Watch for Hwy 123 on right, head E on Hwy 123 for 1/2 block, property on right
The listing information for 107 3rd Street, Sandstone, MN 55072 was graciously provided by our friends at the listing brokerage, United Country BJ Real Estate

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Steven Nelson
MN
763-218-0451 Office
763-218-0451 Mobile
763-390-3138 Fax
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P&I Payment $530.89
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Last Updated 11/24/2017 at 9:57pm
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