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Luke Chase

luke@ts-re.com +1(612) 418-9979

$1,225,000

Est. payment - /mo

0.96 Acres Lot

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Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Subdivision Sunnyside Add

MLS Listing ID 7096552

Year Built 1979

Annual Tax Amount $19,714

Tax Year 2026

Contingent None

Lot Size 0.960 Acres

Lot Dimensions Irregular

Property Description

Village Green Apartments is a superior chance to acquire a value-add opportunity in southern Minnesota close to the Iowa border. The unit mix offers fourteen two-bedroom and ten one-bedroom all with one bathroom. The property consists of three 8-plexes and is situated on a 0.97-acre corner lot right across the street from Putnam Park with tennis courts and community swimming pool. Includes on-site coin laundry facilities in each building, newer water heaters, and plenty of off-street parking! This one has huge potential by organically raising rents to market while improving the operating expenses to quickly increase its value!
Built in 1979-1980, this very well-maintained building features a mix of one and two-bedroom units all with one bathroom, providing a variety of options for potential renters. Additionally, the property includes a spacious parking lot with 34 separate parking spaces, ensuring that tenants have ample space to park their vehicles.

The exterior of the property is well-maintained and features a classic brick façade with vinyl siding, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major highways and the downtown area, making it easy for tenants to enjoy all that Blue Earth has to offer.

Investors looking for a value-add opportunity with strong cash flow potential will appreciate the low maintenance costs and high rental demand in the area. Don't miss out on this rare opportunity to own a property that is super clean and well maintained and also in a non-rent controlled city of Minnesota!

Location

State MN

County Faribault

Zoning Residential-Multi-Family

Rooms

Basement None

Interior

Heating Baseboard, Boiler

Cooling Wall Unit(s)

Flooring Carpet, Tile, Vinyl

Inclusions Building, Business, Land, Leases, Rental License

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Paved Lot

Fence None

Pool None

Utilities Available Electric Separate, Heating Common, Heating Separate, Hot Water Common

Roof Type Age 8 Years or Less,Asphalt,Pitched

Present Use Residential

Building

Lot Description Corner Lot, Irregular Lot, Tree Coverage - Light

Story Two

Foundation 7500

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Block,Frame

New Construction false

Schools

School District Blue Earth Area Schools

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Listed by Nathan Opatz • Apartment Cash Flow, Inc.

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Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

120 E 13th ST Blue Earth, MN 56013

Luke Chase

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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NEARBY SCHOOL & BUSINESS

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120 E 13th ST

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