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112 Main Ave S, Braham, MN

$ 399,900
112 Main Ave S,
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60 minutes north of the Twin Cities in Braham, MN. 5 Unit Mixed-Use Building. Great condition with many updates complete. Fully leased. Cap rate of 10.38%. NOI = $41,519. One commercial space with 4 apartments. Very stable asset. Priced to sell. Building painted in 2016. New Rubber roof 5 years ago. Separate utilities. Excellent curb appeal. Contract Broker for more information and tour availability. Qualified investors only.

Address: 112 Main Ave S
Zip: 55006
Country: United States
Property Id : 6384
Price: $ 399,900
Property Size: 6,862 ft2
Property Lot Size: 0 ft2
Property Type: Mixed/Use, Multi-Family, Office
Zoning: CBD Central Business District
Lot Square Footage: 5,850
Lot Acreage: 0.13
PID #: 140560500
Legal Description: SECT-02 TWP-037 RANGE-023 ORIGINAL TOWNSITE LOT-002 BLOCK-007 .13 AC PT LOTS 2-3-4 BLK 7
Lot Dimensions: 30x141x37x141
Year Built: 1920
Roof : Flat: rubber membrane; pitched: shingles
Roof Age: 5 years
County: Isanti
2015 Property Taxes: 2017: $6,198
Basement: crawl space only
Foundation Size: 3,663 SF
Gross Building Square Feet: 6,862 SF
# Parking Spaces: 3 garages
Current Tenant(s): East Central Regional Arts Council (ECRAC)
Utilities Available: electric, water, sewer, forced air/natural gas
Tenant Utilities: Electric, Heat/cooling, water
Tenant Responsibilities : Electric, water, heat
Landlord Responsibiltiies: Taxes
Garage: 3
Occupancy: 100%
Building Class: C
Sale Includes: building, leases, land
Traffic Counts: 4,800 VPD Main Ave
HVAC: separate
Heating: separate
Cooling: A/C unit
Electric: separate
Forced Air Heat
Natural Gas Fuel
Hot Water

RE/MAX Results Commercial Group

Mark Hulsey - Managing Broker

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