801 Sprague St Caledonia, MN 55921
- Residential income homes
- 5,304 SF
- 0.85 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 801 Sprague St
- Year built
- 1984
- Lot size
- 0.85 lot acres
- Property size
- 5,304 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity consists of a six-unit multifamily property located at 801-803-805 Sprague St N, Caledonia, MN 55921. The property, built in 1984, comprises three separate one-story buildings situated on a 0.85-acre lot. Each building houses two units, totaling 5,304 square feet. The property is zoned for multifamily use and offers a strong rental income stream. Each of the six units features two bedrooms, one bathroom, a storage room, and a one-car garage. The asking price is $690,000, translating to $115,000 per unit and $130.09 per square foot. This represents a compelling price-per-unit in a desirable location, promising both immediate returns and long-term growth potential. The property's excellent condition and consistent rental history make it an attractive addition to any investment portfolio. One parking space is provided per unit. This well-maintained property offers a rare opportunity to acquire a stable and profitable multifamily investment in Caledonia, Minnesota.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Caledonia
- County
- Houston
- State
- Minnesota
- Longitude
- -91.500096
- Latitude
- 43.640607
