209 S Minnesota Street new Save Request In-Person Tour Request Virtual Tour
New Ulm,MN 56073
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. Contact Sofia Engel at 507-217-6723 for a showing or for more information.
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