$ 300,000
-
$300,000
Price -
3
Bed -
4
Bath -
2,400
SqFt -
0.35
Acre
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About the Listing 27068 - 506560430
Excellent investment opportunity in Springfield, Minnesota! This well-maintained four-unit apartment building offers a strong combination of current rental income, multiple unit configurations, garage space, and significant potential for increased revenue. The property features two one-bedroom apartments and two two-bedroom apartments, with all four units currently occupied, providing an established income stream from day one. A major advantage of this property is the four detached garage stalls. With thoughtful restructuring of the garage spaces and a review of how the garage and rental spaces are utilized, there is substantial upside potential to increase monthly revenue. A new owner may have the opportunity to better allocate or separately rent garage space and make adjustments to the existing rental structure, creating additional income beyond what the current rates are. The property also includes coin-operated laundry, providing a convenient amenity for tenants and another source of potential income. Situated on a corner lot, the property offers good access, visibility, and off-street parking. This is an attractive opportunity for an investor looking for a property with existing occupancy and cash flow today, while still offering room to improve and increase revenue over time. The combination of four rental units, four detached garage stalls, on-site laundry, and potential for restructuring makes this a property with both stability and upside. Owner is a Minnesota licensed Real Estate agent.
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Boiler,Electric,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1200
- Below Ground Sq Ft: 1200
- Basement: Finished
- Other:
- Water: City Water/Connected
Exterior Details
- Lot Description: Corner Lot,Tree Coverage - Light
- Garage Capacity: 4 car
- Lot Dimensions: 100 X 153
- Zoning: Residential-Multi-Family
- Roof: Asphalt
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Detached Garage,Gravel,Multiple Garages,Parking Lot
Financial Details
- Tax Amount: $3,010
- Taxes w/Assessments: N/A
- Tax/Property ID: 00331000406060
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
305 N Van Buren Ave Springfield, MN 56087
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