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717 Cedar Ave Owatonna, MN 55060

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For Sale
$442,500

Historic Charm, Excellent Cash Flow

Property size:
4,792 SF

Property Features for 717 Cedar Ave

General Information

Property type
Residential income properties
Square Feet
4,792 SF
Lot Size
20,038 SF

Building Details

Year Built
1893

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Listing Contact
Sophia Starks

Listing Agency: Berkshire Hathaway Advantage Real Estate Listing Agent: Sophia Starks

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 7-unit apartment building, located at 717 S Cedar Avenue in the heart of Owatonna, Minnesota, presents a compelling investment opportunity. The property boasts a total of 4,792 square feet and sits on a 0.46-acre lot. This income-producing asset offers a blend of historic character and modern updates, minimizing maintenance requirements while maximizing rental income. Recent improvements include a new roof, energy-efficient windows, and fresh paint throughout, ensuring both durability and aesthetic appeal. The building's unique architectural details retain its historic charm, while the upgrades enhance functionality and tenant desirability. This property is ideally suited for investors seeking a low-maintenance, high-return investment in a thriving community. The strategic location in the heart of Owatonna provides easy access to local amenities, businesses, and transportation. The asking price for this turnkey investment is $442,500. This represents a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. The combination of historic character, modern updates, and strong rental potential makes this a truly exceptional investment. Serious inquiries are encouraged.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Owatonna
County
Steele
State
Minnesota
Longitude
-93.2255
Latitude
44.07781

FAQs

What type of property is this?
Residential income property - Historic Charm, Excellent Cash Flow
Where is this residential income property located?
The property is located at 717 Cedar Ave Owatonna, MN.
What is the asking price?
The asking price for this property is $442,500.
More about this property
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