717 S Cedar AVE, Owatonna, MN 55060 - 6653271

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Shari Bellows

shari@pedersonrealty.com +1(612) 590-9781

$435,000

Est. payment - /mo

0.46 Acres Lot

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UPDATED:

02/24/2025 03:53 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Phelps Add

MLS Listing ID 6653271

Year Built 1893

Annual Tax Amount $3,704

Tax Year 2024

Contingent None

Lot Size 0.460 Acres

Acres 0.46

Lot Dimensions 82.30 x 74

Property Sub-Type Apartment

Property Description

Income-Producing 7 unit property in the Heart of Owatonna!

Discover this exceptional cash-flow-generating property perfectly situated in the vibrant heart of Owatonna. Boasting historic charm with updates throughout, this property is an ideal investment for those seeking minimal maintenance and steady income.

Upgrades include a new roof, newer energy-efficient windows, and fresh paint throughout, ensuring long-term durability and appeal. The property's historic character shines through with unique architectural details, while thoughtful updates enhance its functionality and desirability.

Whether you're a seasoned investor or a first-time buyer, this property offers an incredible opportunity to generate income while owning a piece of Owatonna's rich history. Don't miss out on this rare find!

Contact us today for a private tour or more details.

Location

State MN

County Steele

Zoning Residential-Multi-Family

Interior

Heating Baseboard

Cooling Window Unit(s)

Inclusions Fixture/Equipment, Leases

Fireplace No

Appliance Cooktop, Freezer, Gas Water Heater, Refrigerator

Exterior

Parking Features Gravel, Unassigned, Open

Utilities Available Electric Common, Heating Common, Hot Water Common

Roof Type Age 8 Years or Less,Asphalt

Present Use Residential

Building

Foundation 1794

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Wood Siding

Schools

School District Owatonna

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Listed by Sophia Starks • Berkshire Hathaway Advantage Real Estate

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Shari Bellows

+1(612) 590-9781

Agent | License ID: 40701920

Agent License ID: 40701920

717 S Cedar AVE Owatonna, MN 55060

Shari Bellows

Key Details

Location

Interior

Exterior

Building

Schools

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