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1806 Lincoln Ave Montevideo, MN 56265

Sponsored
For Sale
$499,000

10-Bedroom Multifamily Investment Opportunity

Property size:
5,800 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This 5,800 square foot, Class D apartment building in Montevideo, Minnesota, presents a unique investment opportunity. Built in 1980, the property sits on a 25,216 square foot lot and is priced at $499,000 ($86.03/sq ft). Currently configured as a former group home, the building features ten bedrooms, two full kitchens, two living rooms, and four bathrooms. Each wing boasts five bedrooms, and the common areas include carpeted gathering rooms with fireplaces and built-in features. An on-site office adds to the functionality. The property includes a common laundry area with machines, a fenced area with raised garden beds, and some common area furniture is included in the sale. The interior features vinyl, plank, and carpet flooring throughout. Restrooms have supplemental heat, and there's a step-in soaking tub and a handicap-accessible one-piece walk-in shower enclosure. The building is equipped with a fire sprinkler system for enhanced safety. Its adaptable layout makes it suitable for various uses, including a group home or shared living arrangement. This property offers significant potential for a savvy investor seeking a multifamily asset in a desirable Minnesota location. The address is 1806 Lincoln Ave, Montevideo, MN 56265.

Property Features for 1806 Lincoln Ave

General Information

Property type
Multifamily properties
Square Feet
5,800 SF
Class
D

Building Details

Year Built
1980
Units
2

HighLights

  • Furnished common areas.
  • Shared laundry facilities with provided machines.
  • Fenced yard with raised garden beds.
  • Two full kitchens.
  • Community rooms with built‑in features.
  • Vinyl plank and carpet flooring.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Montevideo
County
Chippewa
State
Minnesota
Longitude
-95.7046728
Latitude
44.9467742

FAQs

What type of property is this?
Multifamily property - 10-Bedroom Multifamily Investment Opportunity
Where is this multifamily property located?
The property is located at 1806 Lincoln Ave Montevideo, MN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Furnished common areas.; Shared laundry facilities with provided machines.; Fenced yard with raised garden beds.
More about this property
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