$93,000
$94,900
2.0%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,064 SqFt
SOLD DATE : 01/18/2019
Key Details
Sold Price $93,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,064 sqft
Price per Sqft $87
Subdivision The Gardens
MLS Listing ID 5032992
Sold Date 01/18/19
Bedrooms 2
Full Baths 2
HOA Fees $65/mo
Year Built 2005
Annual Tax Amount $856
Tax Year 2017
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50x100
Property Description
Think outside the box for a great investment property! 2003-built home in The Gardens has an engineered foundation making it eligible for secondary financing. $895/mo rent = 7.5% cap. rate WITH professional management (Self manage for an 8.5% cap rate). Easy to rent. Currently leased through 6/30/19, buyer must honor lease. Selling for 1031 tax exchange. Affordable association fees.
Location
State MN
County Olmsted
Zoning Residential-Single Family
Rooms
Basement None
Dining Room Eat In Kitchen
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Dishwasher, Dryer, Range, Refrigerator
Exterior
Parking Features Detached
Garage Spaces 2.0
Roof Type Asphalt
Building
Story One
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Pinewood
Middle Schools Willow Creek
High Schools Mayo
School District Rochester
Others
HOA Fee Include Professional Mgmt,Shared Amenities,Lawn Care
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "