717 Cedar Ave Owatonna, MN 55060
- Apartment buildings
- 4,171 SF
Current Use by Public Records
- Apartment buildings
Property Details for 717 Cedar Ave
- Year built
- 1893
- Property size
- 4,171 SF
- Property type
- Apartment buildings
- APN
- 17-101-0519
- APU
- 171010519
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Owatonna
- County
- Steele
- State
- Minnesota
- Longitude
- -93.2254
- Latitude
- 44.0778
- CBSA code
- 36940
- CBSA name
- OWATONNA, MN MICROPOLITAN STATISTICAL AREA
