$588,900 7874 365th Street Way Cannon Falls, MN

MLS: 4944500   Type: Commercial   County: Goodhue   City: Cannon Falls   Zip: 55009   Style: Apartments and Retail,Business Opportunity,Apartme     Taxes: $2,466

Mortgage $2,765 /mo



Half Baths

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Absentee-owned, cash-flowing, opportunity great rental market. Located 30 mins south of St Paul and 30 mins north of Rochester, the Cannon Country Apts and Self-Storage is perfectly positioned for tenants working in either location. The property has frontage on US HWY 52. The complex features 11 res rentals, 1 com rental, and 9 storage. The on-site caretaker has a lot of pride and runs the operation well. Lots to see here. No drive-bys. Turn-Key operation! Priced at 12.83% cap.

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Price History

7/8/2018 Listed $588,900

Annual Gross Income 95200.00
Contingency None
Handicap Accessible No Stairs Internal, No Stairs External, Doors 36 +, Grab Bars In Bathroom
Listing Status Active
Municipality Cannon Falls
Property Type CMU
School District 252 - Cannon Falls
Year Built 1955
Zoning Business/Commercial

Interior Features

Fuel Propane
Garage Stalls 9
Heating Forced Air
Number Of 1 Bedroom Unit 4
Number Of 2 Bedroom Unit 1
Number Of 3 Bedroom Unit 1

Exterior Features

Building Finished Square 6124
Exterior Wood
Foundation Size 6124
Lake/waterfront - Y:n 0
Other Parking Spaces 22
Road Frontage US Highway
Roof Age 8 Years or Less
Sewer Shared System
Water Well

Property Schools

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Gallery (21 photos)

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Property vs Zip Code Avg (55009)

Price 588K Avg 390K

Sqr Feet 6,124 Avg 4,393

Cost / Sqr Ft $96 Avg $89

Taxes $2,466 Avg $4,737

Acres 2 Avg 4.31

Visits 7 Avg 20

Days on Site 86 Avg 196

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Listing Provided Courtesy Of: Ferndale Realty

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Location & Address

Lisa Handley
17850 Kenwood Trl
Lakeville, MN