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For Sale:  Willmar MLS# 7166958

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Active NEW!
$1,800,000
/mo Edit
Commercial:  Other
3 br • 2 ba • Built 1972
0.858 acres
Willmar schools
MLS# 7166958
763-576-8286
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    Property Description

    Excellent location. Close to shopping, schools and parks. Twelve two bedroom units and six one bedroom units. Hallways feature newer flooring and paint. Floor trim to be completed. Eight units have newer or new luxury vinyl plank flooring. One two bedroom unit is a complete remodel other than the bath tub. Laundry and storage units on each floor. Many newer windows. Good rental history. Expenses include flooring replacement plus painting.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,800,000
    Property Type: Commercial
    City: Willmar
    Garage Spaces: 0
    County: Kandiyohi
    Year Built: 1972
    State: MN
    Property Style: Other
    Zip Code: 56201

    Interior

    Bedrooms: 3
    Bathrooms: 2
    Flooring: Luxury Vinyl Plank, Tile, Vinyl
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details:
    • Daylight/Lookout Windows
    • Finished
    • Full

    Exterior

    Stories: Three Or More
    Garage Spaces: 0
    Air Conditioning: Wall Unit(s)
    Foundation Size: 5,872 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features:
    • Asphalt
    • Parking Lot
    Unit Amenities:
    • Ceiling Fan(s)
    • Natural Woodwork
    Road Frontage:
    • Curbs
    • Paved Streets
    Roof Details:
    • Age Over 8 Years
    • Rubber

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.858
    Geolocation: 45.111561, -95.041676
    Inclusions: Building, Leases, Rental License
    Lot Dimensions: 210 x 143
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 347
    District Phone: 3202318500

    Expenses

    Annual Caretaker Expense: $2,000
    Annual Electric Expense: $7,746
    Annual Fuel Expense: $7,746
    Annual Insurance Expense: $23,760
    Annual Maintenance Expense: $22,579
    Annual Trash Expense: $1,566
    Annual Water/Sewer Expense: $12,230
    Tenant Expenses: Electricity, Heat

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $18,792
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $18,792

    Income

    Annual Gross Income: $183,981

    Rent

    Annual Net Income: $59,207

    Units

    Total Units: 18

    Miscellaneous

    Current Use: Residential
    Fuel System: Other
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Electric Separate
    Water System: City Water/Connected

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Real Estate Masters, Ltd..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.