409 Elm Ave, Waverly, MN

$480,000

4,536

Square feet

0.11

Acres

About 409 Elm Ave

Solid investment opportunity with this 6-unit apartment building in Waverly. The property is fully rented, producing $6,700 in monthly rent, and offers a strong, stable rental history. Units are well maintained, and recent updates include a roof with warranty and tuckpointed brick exterior. Additional features include a shared coin-operated laundry room for tenant convenience and supplemental income. Photos of all units are included in the listing, and complete financials are provided in the supplements for buyer review. The seller also owns the neighboring duplex and a mixed-use building with one apartment and a commercial space, for a total of 10 units all next door to each other. Preference is to sell as a package, though individual sales will be considered.

Features of 409 Elm Ave

MLS® # 6789416
Price $480,000
Square Footage 4,536
Acres 0.11
Year Built 1928
Type Commercial
Sub-Type Apartment Building
Style Apartment
Status Pending
Contingency Type None

Community Information

Address 409 Elm Ave
Subdivision Original Waverly
City Waverly
County Wright
State MN
Zip Code 55390

Amenities

Garages Gravel
Is Waterfront No
Has Pool No

Interior

Heating Baseboard, Forced Air
Fireplace No
Has Basement No

Exterior

Construction Brick/Stone

School Information

District Howard Lake-Waverly-Winsted

Additional Information

Zoning Residential-Multi-Family
Foreclosure No
Short Sale No
Taxes $3,906
Tax Year 2024
Office Lifecycle Real Estate Services

Listing Details

OfficeLifecycle Real Estate Services

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