Courtesy: RE/MAX RESULTS
763-689-3577
This well-maintained 9-unit apartment building is a fantastic investment opportunity, offering a diverse mix of units including 2 one-bedroom apartments, 1 studio, and 6 two-bedroom units. Most of the units have been recently updated, providing modern living spaces while minimizing maintenance needs for the future owner. The property also features newer windows throughout and an installed drain tile system, ensuring long-term durability and reducing the risk of costly repairs. With ample parking available for residents and trash services on-site, the building offers convenience and ease of management. Additionally, the building has a solid CAP return rate average of 7.9% at this value, making it a strong performer for investors seeking reliable income. The current rent levels are somewhat below the area's average, offering potential for future rent adjustments without immediate disruption to existing tenants. This provides an opportunity for increased returns over time, with minimal immediate concern for tenant stability. This building is a great choice for both new and seasoned investors looking for a low-maintenance property with solid return.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Rush City is located in Minnesota. Rush City, Minnesota has a population of 3,238. Rush City is less family-centric than the surrounding county with 21.43% of the households containing married families with children. The county average for households married with children is 33.67%.
The median household income in Rush City, Minnesota is $50,791. The median household income for the surrounding county is $90,870 compared to the national median of $69,021. The median age of people living in Rush City is 35.3 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 1 degrees. The average rainfall is approximately 31.6 inches per year, with 49.2 inches of snow per year.
