$1,320,540
$1,300,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
2600 Poetter CIR Fairmont, MN 56031
2.73 Acres Lot
Key Details
Sold Price $1,320,540
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Poetters 1St Add
MLS Listing ID 5634056
Sold Date 10/30/20
Year Built 2003
Annual Tax Amount $1,104
Tax Year 2020
Contingent None
Lot Size 2.730 Acres
Acres 2.73
Lot Dimensions irregular
Property Sub-Type Apartment
Property Description
INVESTORS - This is your chance to increase your portfolio to the next level.
This newly listed investment opportunity in Fairmont, is a rare find in southern Minnesota.
This 4 building / 16 unit complex is in a cul de sac on the south side of Fairmont.
There are 4 units in each building with a mirror layout. Each unit consists of a main floor living space with 2 bedrooms and 1 or 2 baths. Each unit has an open layout kitchen and dining space as well as a nice living room space. Also included is a single car garage, & separate mechanicals room. Middle units have a second exterior door from the bedroom leading to their patio area.
Units are well maintained. Some will require updates due to extended tenancy periods of long term tenants. Seller has updated units between tenants whenever possible. New asphalt shingle roof for each building was installed 2019.
All units are fully rented and have a long & stable tenant occupancy history. All units have written leases in place.
Location
State MN
County Martin
Zoning Residential-Multi-Family
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Attached Garage
Garage Spaces 16.0
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Asphalt
Present Use Residential
Building
Story One
Foundation 5904
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Vinyl Siding
Schools
School District Fairmont Area Schools
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