$700,000

218 3rd Avenue E, Shakopee, MN 55379


218 3rd Avenue E Shakopee, MN 55379

For Sale MLS# 6105226

3,480 sq ft Commercial

Data current as of {{getLocalTime('2021-10-28T06:02:35Z')}}

Details for 218 3rd Avenue E

MLS# 6105226

Description for 218 3rd Avenue E, Shakopee, MN, 55379


Great cash flowing 6-unit investment opportunity in desirable downtown Shakopee! This 6 unit apartmentbuilding has four 1-bedroom units and two studio apartments, a 5-car surface lot in the back with alleyaccess, a newer roof and water heater, and newer siding! This property has had very little vacancy andcollects great rent and cash flow! Conveniently located close to restaurants, highways, publictransportation, shopping, parks and more!

Listing Information


Property Type: Commercial, Apartments/Multi Family

Status: Active

Lot Size: 0.20 Acres

Square Feet: 3,480 sq ft

Year Built: 1924

Foundation: 1,740 sq ft

Garage: No

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: City Of Shakopee

Builder:

Foundation:

Total Units: 6

Current Use: Residential

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Scott

Days On Market: 35

HERS Score:

Construction Status: Previously Owned

School Information


District: 720 - Shakopee

Elementary:

Middle:

High:

Interior Features


Square Footage above:

Square Footage below:

Appliances: Refrigerator, Range

Flooring:

Basement: Full, Concrete Block

Additional Interior Features:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities: Heating Common,Electric Common,Hot Water Common

Other Utilities:

Cooling: Window

Heating: Natural Gas, Boiler

Exterior / Lot Features


Parking Spaces: 5

Parking Description: Driveway - Gravel

Exterior: Vinyl, Stucco

Roof: Age 8 Years or Less, Asphalt Shingles

Lot View:

Lot Dimensions: 60x142

Farm Type:

Crop Type:

Zoning: Residential-Multi-Family

Fence: Partial, Chain Link, Wood

Additional Exterior/Lot Features: Patio, Porch, Deck

Soil Type:

Tillable Acres:

Driving Directions


From 101, go S on Spencer St S, then W on 3rd Ave E. Property will be on the left.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays: Cable T.V.

Owner Pays: Taxes,Insurance,Water/Sewer,Electric,Fuel,Maintenance/Repair,Janitorial,Trash,Snow,Lawn

Annual Income: $62,040

Annual Expense: $16,933

Ownership Type:

Tax/Property ID: 270013660

Tax Amount: $5,904

Tax Year: 2021

HomeStead Description: Non-Homesteaded

Price Changes


$700,000 Original Price
$700,000 Current Price
+$0 Total Change
Date Price Change
9/24/2021 11:48 AM $700,000

Sales History

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Tax Summary

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Schools nearby 218 3rd Avenue E

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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Schools nearby Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings