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122 Union Street N, Norwood Young America, MN 55368

$998,000

  • For Sale
  • Active
  • Commercial
  • 14,870 Sq. Ft.
  • 0.4 Acres
122 Union Street N, Norwood Young America, MN 55368 View this property at 122 Union Street N, Norwood Young America, MN 55368
122 Union Street N Norwood Young America MN 55368

Property Description

Impressive portfolio sale of 4 parcels including 16+ rental units in the Twin Cities suburb of Norwood Young America. Located just 20 mins from Eden Prairie this portfolio features 3 multi-family buildings w/ 15 units and the city approved potential to add more. The sale also includes a leased laundromat. Separately metered electric, and in some cases gas, water, and sewer. Buildings have off street parking, vinyl siding, and many updates. Well maintained, turn-key with a 10% cap. 100% occupied

Full Property Details for 122 Union Street N

  • Price: $998,000
  • Taxes: $14,502 (2017)
  • Status: Active
  • Type: Commercial
  • MLS ID: 4883663
  • Updated: 12/26/2017
  • Added: 97 day(s) ago

Property History

  • 122 Union Street N, Norwood Young America, MN
  • Reduced to $998,000 on 12/26/17
  • Listed at $1,100,000 on 10/11/17

Interior

  • Appliances: Range, Refrigerator

Additional Information

  • Shared Amenities: Coin-op Laundry Owned, Coin-op Laundry Leased

Parking

  • Non-Garage Spaces: 16
  • Garage Description: Other

Location

  • County: Carver
  • Driving Directions: Two properties north of Highway 212 and two properties south of Highway 212

School Information

  • School District: 108 - Central

Heating & Cooling

  • Heating Type: Forced Air, Baseboard, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Construction Status: Previously Owned
  • Exterior Const.: Vinyl
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation Size: 14870
  • Disability Access: None
  • Square Feet: 14,870
  • Current Bldg. Use: Residential
  • Year Built: 1900

Unit Information

  • Units w/Range/Oven: 5

Lot Features

  • Lot Size (Acres): 0.4
  • Lot Dimensions: IRR
  • Frontage: City
  • Development Status: Previously Owned
  • Zoning: Residential-Multi-Family, Business/Commercial

Financial Considerations

  • Tax w/Assessment: $14,502
  • Tax Amount: $14,502
  • Tax Year: 2017
  • Terms: Conventional, Cash
  • Owner Pays: Taxes, Insurance, Water/Sewer, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn
  • Tenant Pays: Water/Sewer, Electric, Fuel
  • Tenant Expense: Water/Sewer, Electric, Fuel

Disclosures and Reports

  • Legal Description: CITY LOTS OF NORWOOD P/O BLK 7 DESC AS: COMM AT SW CORN BLK 7 TH N90*E ON S
  • Property ID: 580500620

Listed by Orono Realty Inc

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Schools

Schools serving 122 Union Street N

School District:
Central Public School District
School Name
Grades
Distance
Central Elementary School, Norwood Young America, MN
655 7th Street Sw, Norwood Young America, MN 55368
PK-5
0.4 mi
Central Middle School, Norwood Young America, MN
531 Morse Street, Norwood Young America, MN 55397
6-8
0.5 mi
Central High School, Norwood Young America, MN
531 Central Avenue, Norwood Young America, MN 55368
9-12
0.5 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Estimate the Cost

122 Union Street N will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

Get pre-approved to see if you qualify for properties in this budget.

*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

122 Union Street N, Norwood Young America, MN 55368 (MLS# 4883663) is a Commercial property. 122 Union Street N is currently listed for $998,000 and was received on October 11, 2017. Want to learn more about 122 Union Street N? Do you have questions about finding other Commercial real estate for sale in Norwood Young America? You can browse all Norwood Young America real estate or contact a Coldwell Banker agent to request more information.

Listed by Orono Realty Inc