514 Main St E New Prague, MN 56071

Listing agency Metro Group Real Estate l***@gmail.com Show Phone

Listed by Jerry Lindeen Show Phone

Source Exprealty

Added: May 28 Updated: Jul 22 at 1:52AM Checked: Jul 22 at 7:12AM

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Investment Insights

Based on property information with market context.

This recently refurbished 7-unit apartment building is configured with one 3-bedroom unit, five 1-bedroom units, and a studio. The property includes a large detached 2-stall garage/workshop along with 11 storage units. All units are currently under leases.

Located on a high-visibility parcel on the main east/west thoroughfare through New Prague, the site provides plenty of parking. New Prague Park is located in the back yard.

Zoned High-Density Residential (RH1), the property is described as suitable for townhouses and apartments, and it lists conditional use for nursing home/assisted living facility.

Key Highlights

• Recently refurbished 7‑unit building with a unit mix of one 3‑bedroom, five 1‑bedrooms, and a studio
• All 7 units are currently under lease and cash flow is positive
• Detached 2‑stall garage/workshop with 11 storage units available

Property Analytics

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FAQs

What type of property is this?

Apartment building - Refurbished 7-unit building with a mix of 1-bedroom, studio, and a 3-bedroom plus a detached 2-stall garage/workshop.

Where is this apartment building located?

The property is located at 514 Main St E New Prague, MN.

What is the asking price?

The asking price for this property is $584,900.

What are key features of this property?

This property features: Recently refurbished 7‑unit building with a unit mix of one 3‑bedroom, five 1‑bedrooms, and a studio; All 7 units are currently under lease and cash flow is positive; Detached 2‑stall garage/workshop with 11 storage units available