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Blooming Prairie,MN 55917
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Original Town
MLS Listing ID 6750043
Year Built 1967
Annual Tax Amount $3,904
Tax Year 2025
Contingent None
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 50 x 120
Property Sub-Type Apartment
Property Description
Blooming Prairie is located in the middle of Owatonna, Austin, and Rochester, MN. This traditionally built 7-unit multi-family apartment complex offers a mix of one and two bedroom units. Constructed in 1967 these apartments are spacious and have eat-in-kitchens, newer windows, and front and back secured entries. Plenty of closets and extra storage in the basement. The roof is being replaced this summer due to hail damage and will be completed before closing. Coin-operated washer and dryer located in the lower level for residents to use. There are five off-street parking spaces in the back lot and the property sits on 0.23 acres. Exterior siding is in great shape and the lawn is well manicured. This asset is very easy to own and manage with 7.5% Cap Rate!
Location
State MN
County Steele
Zoning Residential-Multi-Family
Rooms
Basement Finished,Full
Interior
Heating Boiler,Hot Water
Cooling Window Unit(s)
Inclusions Building,Land,Leases,Rental License
Fireplace No
Appliance Range,Refrigerator
Exterior
Parking Features Gravel
Utilities Available Electric Common,Heating Common,Hot Water Common
Roof Type Age 8 Years or Less,Asphalt,Pitched
Present Use Residential
Building
Lot Description Some Trees
Story Two
Foundation 3000
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Other,Vinyl Siding
Schools
School District Blooming Prairie