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315 Broadway Street, Cleveland, MN 56017

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For Sale
Sale Pending

$285,000

8 beds • 3,800 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $75.00
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Great investment opportunity! This building has three apartments, all 3 have been completely remodeled within the last year.The first apartment is 3 bedrooms, one bath on the second floor with current rent at $1,100 per month. The second apartment is also on the second floor with three bedrooms, one bath currently $1,000 per month. The third apartment is on the main floor and has two bedrooms and is currently $900 permonth. The main floor features a laundromat that averages $500 - $800 monthly income. There is opportunity for increases to market rate for rent as well as storage space in the basement and the possiblity to convert the other half of the laundromat to retail space. Apartments have control of their own heat, and could use locked thermostats to lower monthly gas bills. Potential increases of over $1,000 per month with little capital invested. Electrical averages around $4 per day, Water bill is consistently $250/Month and Garbage is $40/Month
MLS# 7036072

Courtesy Of Landmark Realtors LLC

(507) 345-1599

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    0.12 Acres
  • Rooms
    Basement

Map and Directions

Directions to 315 Broadway Street, Cleveland, MN 56017

Home seller CENTURY 21 Atwood

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CENTURY 21 Atwood

(507) 387-3131
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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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