9 8Th Ave Kasson, MN 55944
- Apartment buildings
- 6,290 SF
- 0.47 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 9 8Th Ave
- Year built
- 1978
- Lot size
- 0.47 lot acres
- Property size
- 6,290 SF
- Property type
- Apartment buildings
Description
This exceptional 8-unit apartment building, situated at 9 8th Avenue NW in Kasson, Minnesota, presents a compelling investment opportunity. Boasting a substantial 6,290 square feet of living space on a 0.47-acre lot, this property is ideally located just 20 minutes from Rochester, MN. Recent renovations have significantly enhanced the property's value and appeal. These upgrades include the replacement of all windows and the boiler system, ensuring efficient and cost-effective operation. All plumbing fixtures have been updated, and energy-efficient LED lighting has been installed throughout. Modern LVP flooring, fresh paint, and new countertops contribute to a contemporary and attractive living environment for tenants. Dodge County boasts an impressively low vacancy rate of less than 1%, indicating a strong and stable rental market. This low vacancy rate underscores the high demand for rental properties in the area, making this a particularly attractive investment prospect with significant potential for strong returns. The asking price for this well-maintained and updated multi-family property is $800,000. This represents a rare chance to acquire a turnkey investment property in a thriving market. The combination of recent renovations, desirable location, and low vacancy rates makes this an exceptional opportunity for discerning investors.
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
- Kasson
- County
- Dodge
- State
- Minnesota
- Longitude
- -92.75861
- Latitude
- 44.02984
