Email listing agent for PL. Partnership transfer based on title restrictions in place until 2029 - purchaser is purchasing equity in a partnership. Partnership can be substituted. Owners will convey property to a majority stakeholder or an option facilitated by an attorney for partnership transfer. Maximum potential can be reached in 2029 - Limited profit can only show $1,200 a year. 30 year depreciation has been reached - reflected in PL. Second mortgage not allowed. Ideal 1031 option. No garages. No dishwashers. No A/C units provided. Maintenance supplies are not capitalized for tax purposes - K1. Fee manager in place, can stay with the property if desired.
- Price:
- $3,785,800
- Acreage:
- 4.88
- Year Built:
- 1975
- Listing ID #:
- NST6089196
- Street Address:
- 716 Maple St
- City:
- Monticello
- State:
- Minnesota
- Postal Code:
- 55362
- County:
- Wright
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
School District: 882
- Construction Type:
- Brick/Stone, Other
- Has Handicap Features:
- Wheelchair Ramp(s), Other
- Number Of Units:
- 48
- Year Built:
- 1975
- Existing Land Use:
- Residential
- Lot Measurement Type:
- Acres
- Zoning Description:
- Residential-Multi-Family
- Days On Market:
- 276
- Included In Sale:
- Building, Land, Leases, Rental License, Other
- Originating Mls:
- Northstar
- Property Taxes:
- $35,170
- Tax Year:
- 2021
- Parking Description:
- Open, Asphalt, Driveway - Other Surface, Shared Driveway, Paved, Assigned, Unassigned
- Existing Water:
- City Water/Connected
- Heating:
- Baseboard, Hot Water
- Sewage Type:
- City Sewer/Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Coldwell Banker Realty
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