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.
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