$349,900

216 S Washington Street

Redwood Falls MN, 56283

Description

Downtown Redwood Falls commercial investment property. Two buildings included with common wall. There are two Leases in effect with long term tenants. Based on the list price the 2019 Cap Rate was 8% and the projected Cap Rate for 2020 is 8.7%. The last 6 years of cash flow is on file for review with a bank pre-approval letter and a signed commercial confidentiality and non-disclosure agreement.

Details

MLS#5706235
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1888
Days On Site135

Features

Units2
Acreage0.12
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Area Information
StateMN
CountyRedwood
CityRedwood Falls
Zip Code56283
Listing VS Median (in 56283)
Price:
$349,900
low | high
Med:
$146,250
100% of Average
On Site:
135
low | high
Med:
122.500000
100% of Average
Sourced by Back At You
Listing Updated: February 12, 2021 4:49:27 PM PST
David Mattison LogoMLS Number: 5706235
Listing Provided By:
David Mattison  of  Minnesota Lands and Homes Real Estate

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