This downtown iconic saint peter minnesota property offers investors an opportunity to acquire a unique all brick and kasota limestone five-unit mixed-use property!! The building features two large main floor retail units. Erberts & gerberts is one of these anchor tenants and has a long lease in place. The second floor features two oversized loft style apartments with tall ceilings. The lower level is leased to a good standing long term tenant. The whole asset is fully leased and in turn-key condition!! Amazing exterior curb appeal. Most utilities are paid by tenants. Roof is 1998 and windows have been replaced. In-place cap rate of 7.5% with net operating income of $52, 081 - call for more financials.
MLS® Number6819062
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1887
Stories
Pets
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
Building, Land, Leases, Rental License
