$219,900

102 Main Avenue W

Frazee MN, 56544

Description

We are offering a one of a kind investment opportunity right in the heart of downtown Frazee. This 5 unit, mixed use property features 3 commercial spaces and 2 residential units sure to enhance your investment portfolio. Located on the town's busiest intersection, this building is a charming combination of turn of the century character with modern features and updates.This building boasts $25,800/year in rental income, giving it a strong 11.7% ROI. The listing agency currently uses 2 of the 3 commercial spaces available, which will leave them vacant upon sale, but there have already been multiple interested parties looking to lease. You can ''bank'' on this being an investment you won't regret!

Details

MLS#5216491
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1915
Days On Site391

Features

Units5
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Area Information
StateMN
CountyBecker
CityFrazee
Zip Code56544
Listing VS Median (in 56544)
Price:
$219,900
low | high
Med:
$60,500
100% of Average
On Site:
391
low | high
Med:
242
100% of Average
Sourced by Back At You
Listing Updated: February 12, 2021 4:49:27 PM PST
 LogoMLS Number: 5216491
Listing Provided By:
 of  Bender Realty Property Mgmt

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