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$ 460,000
Est. payment /mo
New
209 S Minnesota Street New Ulm, MN 56073
1 Bath
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Mn
MLS Listing ID 7039115
Style Concrete Block
Full Baths 1
Year Built 1947
Annual Tax Amount $6,054
Tax Year 2025
Property Sub-Type Commercial
Property Description
Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue. Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in aconvenient downtown setting close to amenities, this property offers long-term rental demand and solidupside for an investor ready to complete the renovations. Priced to reflect the work needed, this property is an ideal value-add opportunity.
Location
State MN
County Brown County
Area New Ulm/Hanska/Lafayette/Courtland
Direction S
Interior
Heating Baseboard, Radiant, Steam, Hot Water, Wood Stove
Cooling Wall
Appliance Range/Stove, Refrigerator
Exterior
Exterior Feature Brick
Parking Features Unassigned, On-Street Parking Only
Garage Description Unassigned, On-Street Parking Only
Roof Type Flat,Rubber
Building
Foundation 4750
Sewer City
Water City
Structure Type Concrete Block
Schools
School District New Ulm #88
Others
Energy Description Electric,Other
Listed by Keller Williams Premier Realty