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SOLD | Princeton Apartments | MN | 2 Buildings $645,000

Sold
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Square Ft
10,200
Total Spaces
2
701 West Branch St & 702 N 3rd St
Princeton, Minnesota 55371
County: Mille Lacs
Sale/Lease Type: Sold
Category: Mixed Use

Great investment property! Two apartment buildings totalling 12 units to be sold together located on a corner several blocks from downtown Princeton, MN -  both apartment buildings have the same PID# and have had several recent updates to appliances & mechanical systems as well as new roofs. 

LOCALLY OWNED AND MANAGED FOR SEVERAL YEARS WITH 95% OCCUPANCY SINCE 2011.

702 N 3rd St - 8 plex with onsite laundry
1 efficiency apartment and seven 1 bedroom apartments. Completely new roof in 2008 with well-maintained mechanicals and boiler system. 

701 West Branch St - 4 plex with onsite laundry
One 1 bedroom and Three 2 bedrooms. Fully occupied. 

Tenants currently pay for electric. Appliances are replaced with new as needed
Natural gas water heaters and window unit air conditioners are replaced with new as needed.


General Amenities
Total Spaces
2
Square Ft
10,200

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